Arçelik to finalise Dawlance acquisition by November 7
Upon closing of the deal, Arçelik will incorporate Dawlance’s two manufacturing sites in Karachi and one in...
KARACHI:
After obtaining the required regulatory approvals, Arçelik A.S. has disclosed that all closing conditions regarding the acquisition of production and sales companies operating in Pakistan under the Dawlance brand have been satisfied.
Following the payment of the share purchase price by Arçelik’s 100% subsidiary, Ardutch B.V., incorporated in the Netherlands, the share transfer is expected to be completed by November 7, 2016 Arçelik A.S., pursuing leadership positions in the Silk Road countries, will incorporate Dawlance’s two manufacturing sites in Karachi and one in Hyderabad.
China's Shanghai Electric to buy $1.77bn stake in K-Electric
Dawlance is a leading home appliances brand in Pakistan, a promising market with 200 million people. The addition of Dawlance into Arçelik’s operational network will strengthen the company’s international position thanks to Dawlance’s strong brand awareness, extensive distribution, sales and service network, professional management and competent engineering staff.
Dawlance is a leading player in Pakistan in refrigeration, microwaves, air conditioning and laundry categories.
Arçelik’s global network
Arçelik has a global network of operations and leading brands in a wide geography spanning from Europe to Middle East and Africa to Asia. With the closing of the acquisition of Dawlance in Pakistan, Arçelik will employ a total workforce of 30,000 worldwide and will have a global production base of 18 manufacturing facilities in seven countries including Turkey, Romania, Russia, China, South Africa and Thailand.
Turkish company to acquire Dawlance for $258 million
Dawlance’s history
Dawlance, established in 1980, is one of the leading manufacturers of household appliances in Pakistan and operates in five categories: refrigerators, air-conditioners, micro-wave ovens, washing machines and freezers. It has been recognised as the third most favourite brand in Pakistan, among all industries, according to an independent consumer survey.
Arçelik operates in 130 countries, and manages 10 core brands (Arçelik, Beko, Grundig, Defy, Arctic, Blomberg, Elektrabregenz, Leisure, Flavel and Altus), with sales and marketing offices located in 30 countries. The company has 27.000 employees worldwide and 15 manufacturing facilities in Turkey, Romania, China, South Africa and Thailand.
In the international arena, Arçelik Group is the third largest player in its industry across Europe. Arçelik recorded a consolidated turnover of $5.2 billion in 2015, the highest in its history. Around 60 per cent of this amount was generated through international sales.
Arçelik holds the leading R&D position in its sector in Turkey thanks to a total of 11 R&D centers in 4 countries, more than 1,000 R&D staff, and more than 2,000 patent applications.
After obtaining the required regulatory approvals, Arçelik A.S. has disclosed that all closing conditions regarding the acquisition of production and sales companies operating in Pakistan under the Dawlance brand have been satisfied.
Following the payment of the share purchase price by Arçelik’s 100% subsidiary, Ardutch B.V., incorporated in the Netherlands, the share transfer is expected to be completed by November 7, 2016 Arçelik A.S., pursuing leadership positions in the Silk Road countries, will incorporate Dawlance’s two manufacturing sites in Karachi and one in Hyderabad.
China's Shanghai Electric to buy $1.77bn stake in K-Electric
Dawlance is a leading home appliances brand in Pakistan, a promising market with 200 million people. The addition of Dawlance into Arçelik’s operational network will strengthen the company’s international position thanks to Dawlance’s strong brand awareness, extensive distribution, sales and service network, professional management and competent engineering staff.
Dawlance is a leading player in Pakistan in refrigeration, microwaves, air conditioning and laundry categories.
Arçelik’s global network
Arçelik has a global network of operations and leading brands in a wide geography spanning from Europe to Middle East and Africa to Asia. With the closing of the acquisition of Dawlance in Pakistan, Arçelik will employ a total workforce of 30,000 worldwide and will have a global production base of 18 manufacturing facilities in seven countries including Turkey, Romania, Russia, China, South Africa and Thailand.
Turkish company to acquire Dawlance for $258 million
Dawlance’s history
Dawlance, established in 1980, is one of the leading manufacturers of household appliances in Pakistan and operates in five categories: refrigerators, air-conditioners, micro-wave ovens, washing machines and freezers. It has been recognised as the third most favourite brand in Pakistan, among all industries, according to an independent consumer survey.
Arçelik operates in 130 countries, and manages 10 core brands (Arçelik, Beko, Grundig, Defy, Arctic, Blomberg, Elektrabregenz, Leisure, Flavel and Altus), with sales and marketing offices located in 30 countries. The company has 27.000 employees worldwide and 15 manufacturing facilities in Turkey, Romania, China, South Africa and Thailand.
In the international arena, Arçelik Group is the third largest player in its industry across Europe. Arçelik recorded a consolidated turnover of $5.2 billion in 2015, the highest in its history. Around 60 per cent of this amount was generated through international sales.
Arçelik holds the leading R&D position in its sector in Turkey thanks to a total of 11 R&D centers in 4 countries, more than 1,000 R&D staff, and more than 2,000 patent applications.