# Haier acquires Candy for €475 million

Chinese group Qingdao Haier has acquired 100% of Italian home appliance company Candy from the Fumagalli family for €475 million.

- Type: Acquisition
- Announced: 2018-09-28
- Where: Italy
- Value: $550.0M (475.0M EUR)
- Status: completed
- Products: home appliances
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Qingdao Haier Co., Ltd.](https://endata.com/companies/17283.md) (acquirer)
- [Candy](https://endata.com/companies/34612.md) (target)

## Sources

- [ansa.it](https://www.ansa.it/sito/notizie/economia/2018/09/28/cinese-haier-compra-italiana-candy_352f1f0e-e46f-47a4-abcc-ffef7eed91ee.html), 2018-09-28: "Il gruppo cinese Qindao Hayer si compra, per 475 milioni di euro, gli elettrodomestici Candy."

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