# Voltas and Arcelik to form $100 million consumer durables joint venture in India

Voltas and Ardutch (Arcelik subsidiary) agreed to establish a $100 million equity joint venture in India to manufacture and sell consumer durables such as refrigerators and washing machines, with plans to set up a manufacturing facility.

- Type: Acquisition
- Announced: 2017-05-24
- Where: India
- Value: $100.0M
- Status: announced
- Products: refrigerators, washing machines, microwaves, white goods, domestic appliances
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Voltas](https://endata.com/companies/9194.md)
- [Arçelik Group](https://endata.com/companies/20689.md) (partner)
- [Koç Holding](https://endata.com/companies/20690.md) (investor)
- [Ardutch](https://endata.com/companies/24486.md) (partner)
- [Tata Investment Corporation](https://endata.com/companies/24487.md) (investor)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/voltas-arcelik-to-set-up-100-million-consumer-durable-jv/), 2017-05-24: "Voltas Limited, a Tata Enterprise; and Ardutch BV, a subsidiary of Arcelik AS – part of the Koc Group, have agreed to establish a joint venture company (JVC) in India, to enter the consumer durables market in the country."

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