Arçelik has obtained required regulatory approvals for the closing of the acquisition of Dawlance. Arçelik disclosed that all closing conditions regarding the acquisition of production and sales companies operating in Pakistan under Dawlance brand had been satisfied. Following the payment of the share purchase price by Arçelik’s 100% subsidiary Ardutch B.V. incorporated in the Netherlands. The company supposes to complete the share transfer by November 7th, 2016.
Arçelik pursues leadership along the Silk Road
Arçelik will incorporate Dawlance’s two manufacturing sites in Karachi and one in Hyderabad seeking leadership positions in the Silk Road countries. The addition of Dawlance into Arçelik’s operational network will toughen the company’s international standing.
Arçelik’s global network will reach 30 thousand employees
Arçelik has a global network of operations and leading brands in a wide geography spanning from Europe to the Middle East and Africa to Asia. With the closing of the acquisition of Dawlance in Pakistan, Arçelik will employ a total workforce of 30,000 worldwide and will have a global production base of 18 manufacturing facilities in seven countries including Turkey, Romania, Russia, China, South Africa and Thailand.
Arçelik is one of the leading global home technologies manufacturers, operates in 130 countries, and manages ten core brands with sales and marketing offices located in 30 countries. The company has 27.000 employees worldwide and 15 manufacturing facilities in Turkey, Romania, China, South Africa and Thailand. In the international arena, Arçelik Group is the third largest player in its industry across Europe which recorded a highest consolidated turnover of USD 5,2 billion in 2015 in its history. 60 percent of this amount was generated through international sales.