Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Haier to Take Over Fisher & Paykel
Nov 12, 2012
 Printable format
 Email this Article
 Search

China's Haier is set to take over New Zealand based appliance innovator Fisher & Paykel.

As of Nov. 10, 2012, Haier had acquired 82.8% of the shares of F&P and intended to finalize the takeover in the near-term. Media reports put the final acquisition price at $766.

Haier bought a 20% stake in F&P in May of 2009 and at that time took two seats on the F&P board. Haier soon after leveraged F&P's motor technology in a licensing deal. Technology licensing was expanded later.

F&P is known as an innovative, technology driven appliance maker - particularly it's washing machine motor technology.

Zhang Ruimin, CEO of Haier Group, told China Daily that Haier will use F&P as an avenue for expanding into the high-end appliance market and will leverage F&P's large R&D organization to develop "disruptive innovations."

Haier has reportedly said it will keep the R&D organization in New Zealand.

Back to Daily News

 

Daily News

...........................................................

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

Aug 27, 2014: Electrolux Joins AllSeen Alliance to Develop Seamlessly Connected Appliances

Aug 27, 2014: HRAI Awards Industry Leaders at 46th Annual Meeting

Aug 27, 2014: North American PCB Business Shows Seasonal Slowdown

Aug 22, 2014: Could Quirky Acquire GE Appliances?

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows