News Release
On October 1, 2024, Haier Smart Home Co., Ltd. announced the successful acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation for approximately $775 million. This strategic move enriches Haier’s diverse product portfolio and strengthens its position in the global commercial refrigeration market. With a focus on environmental improvement, the acquisition includes advanced carbon dioxide technologies that promote green transformation in enterprises. Chairman and CEO Li Huagang expressed excitement about welcoming over 4,000 Carrier employees and enhancing innovative solutions for industrial and food retail refrigeration. This acquisition aligns with Haier's global growth strategy and commitment to delivering comprehensive refrigeration solutions.
On 18th July 2024, 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, for an enterprise value of ZAR 2.45bn (approx. RMB 980m) .
Haier, the number one brand in the household appliances sector, has once again distinguished itself as the only Internet of Things (IoT) ecosystem brand on the Kantar BrandZ Most Valuable Global Brands 2024 list, marking the sixth consecutive year it has achieved this accolade. This achievement underscores Haier's enduring global leadership and innovation in integrating technology with user-centric solutions.