Electrolux to acquire Kwikot

Electrolux today announced it has agreed to acquire South Africa’s leading water heater producer Kwikot Group (Kwikot Proprietary Limited and its affiliates), for a total enterprise value of ZAR 3.18 billion (approximately SEK 2 billion).

The acquisition broadens Electrolux home comfort product range and offers a strong platform for growth opportunities in Africa.

See announcement below for more details :

• Announcement

Author

  • Ronald Ditmer is the founder and managing director of Ditmer Trading & Consulting BV. Involved in the porcelain enameling industry since 1984 and specialized in setting-up complete enameling plants, designing enameling equipment and troubleshooting enameling processes & equipment.

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