# Qingdao Haier to acquire Fisher & Paykel Production Machinery for $48.6M

Qingdao Haier Co., Ltd. will acquire 100% of Fisher & Paykel Production Machinery Limited (PML) from Fisher & Paykel Appliances Limited for $48.615 million USD, to strengthen its smart manufacturing capabilities.

- Type: Acquisition
- Announced: 2017-06-20
- Where: China
- Value: $48.6M
- Status: announced
- Products: smart equipment, automation solutions, COSMOline digital platform
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Haier](https://endata.com/companies/5126.md) (partner)
- [Qingdao Haier Co., Ltd.](https://endata.com/companies/17283.md) (acquirer)
- [Fisher & Paykel Production Machinery Limited](https://endata.com/companies/17284.md) (target)
- [Fisher & Paykel Appliances Limited](https://endata.com/companies/17285.md) (partner)

## Sources

- [finance.sina.com.cn](http://finance.sina.com.cn/roll/2017-06-21/doc-ifyhfpat5576519.shtml), 2017-06-20: "The company intends to integrate the target company and the company's original resources to build an intelligent equipment platform with independent R&D capabilities and industry-leading."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.