https://www.engineeringnews.co.za

Competition authorities approve Electrolux’s buyout of Kwikot Group

2nd March 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

Competition authorities in South Africa, Botswana and Namibia have approved Electrolux’s acquisition of Kwikot Group.

Electrolux in November 2016 announced its plan to buy Kwikot for an undisclosed amount.

Combined, the two companies form the largest water heater enterprise in the Middle East and Africa.

Electrolux on Thursday said the acquisition was “perfectly aligned with [its] strategy to drive profitable growth”.

It added that the acquisition would enable Electrolux to contribute to the development of South Africa as a regional hub bringing increased levels of industrialisation, manufacturing and exports.
 
Piet Malan has been appointed CEO of Electrolux Southern Africa.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 1.277s - 122pq - 2rq
Subscribe Now