Hitachi will establish a new company, transfer the business, and sell 60% of the shares of the new company to a Turkish home appliance maker in order to review the white goods business such as refrigerators and washing machines that are expanding overseas. Announced that they have agreed.
According to the announcement, Hitachi Global Life Solutions, a subsidiary of Hitachi, Ltd., established a new company to handle the overseas white goods business and transferred the business, and 60% of the shares of the new company will be owned by the Turkish home appliance maker "Hitachi Global Life Solutions". Agreed to sell to "Archerik".
The sale is about 31.5 billion yen, and both companies aim to establish a new company next spring.
Of the home appliances business that the Hitachi Group develops in Japan and overseas, the overseas white goods business mainly sells refrigerators and washing machines in Southeast Asia and the Middle East.
On the other hand, Archerik has a home appliance business in more than 140 countries around the world, mainly in Europe, and Hitachi will utilize Archerik's sales network to strengthen its earnings base and review its overseas white goods business. Going forward, we plan to concentrate our investment on businesses that support corporate transformation with digital technology.