# Ali Group gains conditional EU approval for $3.4B Welbilt acquisition

Italian food-service equipment maker Ali Group secured conditional EU antitrust approval for its $3.4 billion acquisition of Welbilt, agreeing to divest Welbilt's global ice-making machine business including three manufacturing facilities in China, Mexico and the United States.

- Type: Acquisition
- Announced: 2022-06-17
- Where: United States
- Value: $3.40B
- Status: announced
- Products: ice-making machines, food-service equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Welbilt](https://endata.com/companies/22062.md) (target)
- [ALi Corporation](https://endata.com/companies/26245.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/business/ali-group-gains-conditional-eu-nod-34-bln-welbilt-acquisition-2022-06-17/), 2022-06-17: "Following the transaction, the combined entity would become the largest manufacturer and supplier of ice-making machines in the EEA and would have faced limited competition."
- [cateringinsight.com](https://www.cateringinsight.com/ali-group-is-all-smiles-after-finally-nudging-welbilt-deal-over-the-line/), 2022-08-01: "The completion of this transaction is an important milestone in Ali Group's history and marks the beginning of our next chapter of growth."

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