Haier Smart Home entered into the transaction with Electrolux Group in Sweden to acquire 100% equity interest in Electrolux South Africa Proprietary Limited (“ESA”), its subsidiary engaging in water heater business in South Africa.
ESA’s water heater business, better known as Kwikot, is the leading manufacturer of electric water heaters, solar water heaters, multi-energy solutions, gas water heaters and heat pumps in South Africa.
See post on PR Newswire for more info.
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