M&A Deal Summary

Midea Group Acquires Toshiba Lifestyle Products & Services

On March 30, 2016, Midea Group acquired consumer products company Toshiba Lifestyle Products & Services from Toshiba for 473M USD

Acquisition Highlights
  • This is Midea Group’s 1st transaction in the Consumer Products sector.
  • This is Midea Group’s largest (disclosed) transaction.
  • This is Midea Group’s 1st transaction in China.

M&A Deal Summary
Date 2016-03-30
Target Toshiba Lifestyle Products & Services
Sector Consumer Products
Buyer(s) Midea Group
Sellers(s) Toshiba
Deal Type Divestiture
Deal Value 473M USD

Target

Toshiba Lifestyle Products & Services

Tokyo, China
Toshiba Lifestyle Products & Services Corporation develops, manufactures and markets white goods, such as refrigerators, washing machines, vacuum cleaners and other small domestic appliances under the Toshiba brand name. Toshiba Lifestyle Products & Services Corporation is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Midea Group

Foshan City, China
Category Company
Founded 1968
Sector Consumer Products
Employees100,000
DESCRIPTION

Midea Group is a producer of a wide range of lighting products, water appliances, floor care, small kitchen appliances, laundry equipment, large cooking appliances, and refrigeration products. The Company also produces specialty in home- and commercial-grade heating, ventilation and air conditioning (HVAC) products. Midea Group was formed in 1968 and is based in Foshan City, China.

DEAL STATS #
Overall 1 of 4
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
Country (China) 1 of 2
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 KUKA

Augsburg, Germany

KUKA develops, manufactures, and supplies automation solutions for a wide range of industrial customers. KUKA was founded in 1898 and is based in Augsburg, Germany.

Buy -

Seller(S) 1

SELLER

Toshiba

Tokyo, Japan
Category Company
Founded 1875
Sector Electronics
Employees116,224
Revenue 3.34T JPY (2022)
DESCRIPTION
Toshiba's corporate headquarters in Tokyo, Japan.
Toshiba's corporate headquarters in Tokyo, Japan.

Toshiba is a multinational engineering and electronics conglomerate. The Company manufactures and sells cellular phones, hard disc devices, optical disc devices, and televisions amongst other products. Toshiba was founded in 1875 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 6
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 6
Country (China) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Vijai Electricals

Hyderabad, India

Vijai Electricals is a power transmission and distribution equipment industry. Vijai Electricals was founded in 1973 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 Kioxia

Tokyo, Japan

Kioxia is a provider of non-volatile memory solutions. The products can be found embedded in smartphones, MP3 players, satellite navigation systems, digital still cameras and digital video recorders. KIOXIA also produces a wide range of digital media storage devices such as SDHCTM, SDXCTM, microSDTM, and FlashAirTM wireless memory cards and USB flash drives to meet the growing storage needs of electronic devices. Kioxia was founded in 2017 and is based in Tokyo, Japan.

Sell $18.0B
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