# Havells India acquires Lloyd consumer durable business for Rs 1,600 crore

Havells India Limited announced the acquisition of Lloyd Consumer Durable Business Division from Lloyd Electrical and Engineering Limited and Fedders Lloyd Corporation Limited at an enterprise value of Rs 1,600 crore. The deal marks Havells' entry into air-conditioners and washing machines.

- Type: Acquisition
- Announced: 2017-02-19
- Where: India
- Value: $240.0M (16.0B INR)
- Status: announced
- Products: air-conditioners, television sets, washing machines, other household appliances
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Havells India Limited](https://endata.com/companies/22323.md) (acquirer)
- [Lloyd Electrical and Engineering Limited](https://endata.com/companies/22324.md) (partner)
- [Fedders Lloyd Corporation Limited](https://endata.com/companies/22325.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/havells-enters-ac-washing-machine-space-with-rs-1-600-cr-lloyd-buyout-117022000393_1.html), 2017-02-20: "Havells India Limited, a leading electrical appliances and components company, on Sunday announced that its board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer)."

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