Arcelik is to Finalize Dawlance Acquisition Process until 7 November
Following the disclosure made on 30 June 2016, Arcelik A.Ş., one of the leading global home technologies manufacturers, has disclosed that all closing conditions had been satisfied regarding the acquisition of production and sales companies operating in Pakistan under Dawlance brand.
Following the payment of the share purchase price by Arcelik’s 100% subsidiary Ardutch B.V. incorporated in the Netherlands, the share transfer is expected to be completed by 7 November 2016.
Arcelik Pursues Leadership along the Silk Road
Arcelik A.Ş., pursuing leadership positions in the Silk Road countries, will incorporate Dawlance’s two manufacturing sites in Karachi and one in Hyderabad.
Dawlance is a leading home appliances brand in Pakistan, a promising market with 200 million people. The addition of Dawlance into Arçelik’s operational network will strengthen the company’s international position thanks to Dawlance’s strong brand awareness, extensive distribution, sales and service network, professional management and competent engineering staff.
Dawlance is a leading player in Pakistan in refrigeration, microwaves, air conditioning and laundry categories.