Haier Smart Home to acquire Electrolux South Africa's water heater business

Haier Smart Home has agreed to acquire 100% equity in Electrolux South Africa Proprietary Limited, the water heater business of Electrolux Group, for an enterprise value of ZAR 2.45 billion (approx. RMB 980 million). The acquisition includes the Kwikot brand and is expected to complete in Q4 2024.

“The acquisition is an important step in the strategic implementation of Haier Smart Home's development in African market.”prnewswire.com

• 1 source
• prnewswire.comHaier Smart Home Intends to Acquire Electrolux South Africa's Water Heater BusinessHaier Smart HomeJul 18, 2024

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