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- Arçelik announced today that it has signed a definitive agreement with Hitachi Global Life Solutions for the sale of its stake in Arçelik Hitachi Home Appliances (AHHA).
- The transaction price consists of $205 million in cash to be paid at closing, and in addition, a deferred payment of $56 million will be paid over three years following closing.
- Additionally, from the closing date, 60% of Arçelik Hitachi’s existing cash in excess of $56 million will be added to the total consideration as a closing adjustment.
- This strategic decision by Arçelik marks an important step in the company’s continued portfolio optimization and refocusing on key markets and long-term value creation.
ISTANBUL, April 21, 2026 /PRNewswire/ — Arçelik announces the signing of a definitive agreement with Hitachi Global Life Solutions for the sale of its stake in Arçelik Hitachi Home Appliances (AHHA). Established in 2021 as a joint venture, AHHA manufactures, sells and provides after-sales services for Hitachi brand home appliances in global markets outside Japan. Arçelik holds a 60% stake in the company, while Hitachi Global Life Solutions retains a 40% stake.
The total transaction price consists of $205 million to be received in cash at closing and deferred payments totaling $56 million to be received in installments over a three-year period following closing. Additionally, from the closing date, 60% of Arçelik Hitachi’s existing cash in excess of $56 million will be added to the total consideration as a closing adjustment.
Stressing that this decision is a strategic decision that goes beyond short-term gains, supporting financial resilience and long-term value creation, Polat Şen, President of Koç Holding Consumer Durables Group said: “With a global presence in 57 countries and a manufacturing network of 38 facilities in 13 countries, Arçelik will continue its global growth journey with determination. As the flagship company of our group globally, we believe this step will enable Arçelik to allocate its resources to priority areas and achieve positive results for all our stakeholders, in line with its sustainable growth objectives.
Since its establishment, AHHA has made steady progress in its strategic priorities, including portfolio expansion, geographic growth, brand development and operational performance, and further strengthened Hitachi’s premium brand position in the Asia Pacific and MENA region.
Can Dinçer, President and CEO of Arçelik, commented: “Arçelik Hitachi has established a strong position in the Asia-Pacific market over the years with its premium brand and innovative solutions. We are pleased to have delivered products that add real value to households through this collaboration.”
“This decision reflects our approach as Arçelik to shape our global operations in a more focused, selective and strategic framework. This step is specific to the structure of this partnership and does not modify our long-term commitment in Asia. We remain confident in the region’s growth potential and continue to invest in key markets, including India, Pakistan and Bangladesh. reach our consumers with innovative products and services and improve their lives through energy efficiency, digitalization and AI-based technologies, ” dinner also said.
The agreement is subject to customary closing conditions, including applicable regulatory approvals. Until closing, AHHA will continue to operate in accordance with the provisions of the stock purchase and joint venture agreements. Completion of the transaction is expected to occur within 12 months of signing the agreement.
SOURCE Arcelik
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Source: PR Newswire
