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New Deal


Announced

Arcelik to acquire MENA operations of Whirlpool.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Morocco

United Arab Emirates

home appliances

Cross Border

Friendly

Majority

Pending

Household Appliance

Acquisition

Synopsis

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Arcelik, a Turkish multinational household appliances manufacturer, agreed to acquire MENA operations of Whirlpool, a home appliances manufacturer. Financial terms were not disclosed. "I am delighted to witness the successful completion of our strategic move to acquire Whirlpool's MENA operations. Arçelik is a leading global company in the home appliance industry with 55,000 employees and 45 production facilities. Soon, it will be adding a state-of-the-art factory in Egypt, which stands on the cusp of operation, ready to bring innovation and excellence to the market. With this new integration, we are inching closer to our ambition to become the number one home appliances company in the region," Akin Garzanli, Arcelik CMO.

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