M&A Deal Summary

Haier Acquires GE Appliances

On January 15, 2016, Haier acquired consumer products company GE Appliances from General Electric for 5.4B USD

Acquisition Highlights
  • This is Haier’s 1st transaction in the Consumer Products sector.
  • This is Haier’s largest (disclosed) transaction.
  • This is Haier’s 1st transaction in the United States.
  • This is Haier’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-01-15
Target GE Appliances
Sector Consumer Products
Buyer(s) Haier
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 5.4B USD

Target

GE Appliances

Louisville, Kentucky, United States
GE Appliances is a producer of home appliances. The Company produces refrigerators, stoves, microwaves, dishwashers, washing machines, and other products.

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Buyer(S) 1

Buyer

Haier

Qingdao, China
Category Company
Founded 1984
Sector Consumer Products
Employees112,458
Revenue 261.4B CNY (2023)
DESCRIPTION

Haier is a manufacturer and distributor of home appliances. Haier provides refrigerators, freezers, washing machines, dryers, household, and commercial air-conditioners, purifiers, fresh air systems, electric water heaters, gas water heaters, solar water heaters, heat pump water heaters, vacuum cleaners. Haier was founded in 1984 and is based in Qingdao, China.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 3
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-18 Kwikot

Benoni, South Africa

Kwikot is a water heater business that manufactures and supplies geysers, heat pumps, water heaters & more to plumbing merchants. Kwikot is based in Benoni, South Africa.

Buy R2.5B

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 27 of 45
Sector (Consumer Products) 1 of 1
Type (Divestiture) 22 of 38
State (Kentucky) 3 of 3
Country (United States) 21 of 35
Year (2016) 1 of 5
Size (of disclosed) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-28 Metem

Parsippany, New Jersey, United States

Metem Corp. is a specialized global manufacturer and supplier of turbine super-alloy component machining for leading companies in the power generation and aerospace industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 CLIX CAPITAL

Gurgaon, India

CLIX CAPITAL is a provider of asset-based, cash flow and structured loans. Company offer corporate debt solutions across diverse industry sectors, namely healthcare, IT, manufacturing, media, energy, automobile, aviation and business services. CLIX CAPITAL is based in Gurgaon, India.

Sell -
Mergr

Product

Company

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