JOHANNESBURG, Dec. 3, 2024 /PRNewswire/
Haier Smart Home Co., Ltd. , a global leader in home appliance innovation, has officially completed its acquisition of Electrolux South Africa Proprietary Limited (ESA), a subsidiary of Electrolux Group specializing in water heating solutions in South Africa. The deal, valued at ZAR 2.45 billion, marks a significant milestone for Haier's expansion in the African market. By bringing Kwikot into the Haier family, the company strengthens its position as a global leader in home appliances while driving innovation and sustainable growth in South Africa and the broader MEA region.