MergerLinks Header Logo

Announced

Completed

KONKA Group completed the acquisition of washing machine manufacturing business from Arcelik for $17m.

Synopsis

KONKA Group, a manufacturer and distributor of color televisions, digital mobile phones and LCD, completed the acquisition of washing machine manufacturing business from Arcelik, a manufacturer and distributor of refrigerators, washing machines, and cooking appliances, for $17m. The strong alliance with Arcelik, as one of the major measures of KONKA's Ten-billion-sales-volume Strategy for White Goods, marked the beginning of a new phase for KONKA drum washing machine: a shift from OEM to independent R&D, design, production and manufacturing. In the future, led by KONKA Group's strategic transformation, KONKA white goods will continue to update its products targeting consumer pain points, such as intelligence and healthcare, and enhance its core competitiveness.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US