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Arçelik and Hitachi Global Life Solutions to form joint venture in the global home appliances business


Arçelik and Hitachi Global Life Solutions have signed a share purchase agreement to establish a new joint venture company. As part of the transaction, Hitachi GLS will establish a new company into which it will transfer its global home appliances business outside of Japan. Arçelik will acquire 60% ownership in the new company, which both partners aim to establish in the spring of 2021, subject to regulatory approvals and satisfaction of other customary conditions.
The transaction value is calculated as USD 300 million on a cash-free and debt-free basis for 60% of the business, which is subject to customary adjustments based on the balance of net debt, net working capital of the Company, and minority shares adjustment for the outstanding minority shares as of the closing date. ....

Voltas Beko , Hitachi Global Life Solutions , வோல்டாக்கள் பேகோ , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் ,

Arcelik Seals $300 Million Deal for Hitachi Electronics Business


Arcelik Seals $300 Million Deal for Hitachi Electronics Business
Asli Kandemir, Bloomberg News
(Bloomberg) Turkey’s leading household appliances maker Arcelik AS signed a deal to buy 60% of Hitachi Global Life Solutions Inc.’s for $300 million to deliver on its strategy to expand in emerging markets.
Arcelik and Hitachi GLS will form a new company that Arcelik will control to run operations in the home appliances market, excluding Japan, the Turkish company said in a filing to the stock exchange on Wednesday. The total transaction value is calculated on a cash-free and debt-free basis for the business, with the deal expected to be closed by April 1. ....

Asia Pacific , Hakan Bulgurlu , Africa Defy Appliances Pty Ltd , Pakistan Dawlance Group , Hitachi Global Life Solutions Inc , Hitachi Global Life Solutions , South Africa , Defy Appliances Pty , ஆசியா பெஸிஃபிக் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் இன்க் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் , மீறுகின்றனர் உபகரணங்கள் ப்டி ,

Arçelik and Hitachi Global Life Solutions Announce their Intention to Form a Joint Venture in the Global Home Appliances Business (excluding Japan) » Notizie italiane in tempo reale!


16 dicembre 2020
The historic partnership creates a major player in Asia-Pacific – the world’s largest home appliances market – and will expand global sales of Hitachi branded products through a joint competitive supply chain
ISTANBUL and TOKYO, Dec. 16, 2020 /PRNewswire/ Today Arçelik A.Ş. (IST: ARCLK) (“Arçelik”) and Hitachi Global Life Solutions, Inc. (“Hitachi GLS”) have signed a share purchase agreement to establish a new joint venture company. As part of the transaction, Hitachi GLS will establish a new company into which it will transfer its global home appliances business outside of Japan. Arçelik will acquire 60% ownership in the new company, which both partners aim to establish in the spring of 2021, subject to regulatory approvals and satisfaction of other customary conditions. ....

Keiji Kojima , Voltas Beko , Fatih Kemal Ebi , Jun Taniguchi , Hakan Bulgurlu , Hitachi Group , Holding Ar , Hitachi Global Life Solutions Inc , Hitachi Ltd , Consumer Durables Group , Design Centers , Hitachi Global Life Solutions , South Asia , Southeast Asia , Middle East , Silk Road , Executive Vice President , Executive Officer , Innovation Business , Durable Home Appliances , Dow Jones Sustainability Index , Neutrality Standard , கேஜி கோஜிமா , வோல்டாக்கள் பேகோ , பாடிஹ கெமால் எபி , ஜூன் டானிகுச்சி ,