WOOD Flash – Arcelik: in talks for acquisition of Hitachi’s overseas home-appliance unit
In an article published this weekend in the Nikkei Asia daily, Arcelik is reportedly buying a 60% stake in the overseas home-appliance arm of the Japanese conglomerate, Hitachi. The daily reported an acquisition price of USD 300m (TRY 2.4bn), setting the EV for the entire home appliance unit at USD 500m. The unit generates most of its revenues domestically (c.80%), with the majority of the overseas revenues generated in the China and Southeast Asia region.Arcelik is engaged in the commercial and industrial activities in respect of the production, sales and marketing, customer services after sales, exportation and importation of consumer durable goods and consumer electronics. Co. has two segments: white goods reportable segment, which comprises washing machines, dryers, dish washers, refrigerators, ovens, cookers and the services provided for these products; and the consumer goods reportable segment, which comprises televisions primarily with flat screens, computers, cash registers, other electronic devices and the services provided to consumers for these products.
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