{"id":54062,"date":"2026-04-21T15:10:00","date_gmt":"2026-04-21T08:10:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=54062"},"modified":"2026-04-21T15:10:00","modified_gmt":"2026-04-21T08:10:00","slug":"arcelik-signs-definitive-agreement-with-hitachi-global-life-solutions-for-the-sale-of-its-stake-in-arcelik-hitachi-home-appliances-ahha","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=54062","title":{"rendered":"Ar\u00e7elik signs definitive agreement with Hitachi Global Life Solutions for the sale of its stake in Ar\u00e7elik Hitachi Home Appliances (AHHA)"},"content":{"rendered":"\n\n\n
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  • Ar\u00e7elik today announced that it has\u00a0signed a definitive agreement with Hitachi Global\u00a0Life Solutions\u00a0for the sale of its stake in Ar\u00e7elik Hitachi Home Appliances (AHHA).<\/b><\/li>\n
  • Transaction consideration consists of USD 205 million in cash to be paid at closing, and additionally, a USD 56 million deferred payment will be paid over three years following closing. <\/b><\/li>\n
  • In addition, as of the closing date, 60% of Ar\u00e7elik Hitachi’s existing cash exceeding USD 56 million will be added to the total consideration as a closing adjustment.<\/b><\/li>\n
  • This strategic move by Ar\u00e7elik marks a significant step in the company’s ongoing portfolio optimization and\u00a0refocus\u00a0on\u00a0core markets and long-term value creation.<\/b><\/li>\n<\/ul>\n

    ISTANBUL<\/span>, April 21, 2026<\/span> \/PRNewswire\/ — Ar\u00e7elik announces the signing of a definitive agreement with Hitachi Global Life Solutions for the divestment of its stake in Ar\u00e7elik Hitachi Home Appliances (AHHA). Established in 2021 as a joint venture, AHHA manufactures, sells and provides after-sales services for Hitachi-branded home appliances across global markets outside Japan. Ar\u00e7elik holds a 60% stake in the company, while Hitachi Global Life Solutions retains a 40% shareholding.<\/p>\n

    The total transaction consideration consists of USD 205 million to be received in cash at closing, and deferred payments totaling USD 56 million to be received in instalments over a three-year period following the closing. In addition, as of the closing date, 60% of Ar\u00e7elik Hitachi’s existing cash exceeding USD 56 million will be added to the total consideration as a closing adjustment.<\/p>\n

    Emphasizing that this decision is a strategic move that goes beyond short-term gains, supporting financial resilience and long-term value creation, Ko\u00e7 Holding Consumer Durables Group President Polat \u015een<\/b> said, “Championing a global footprint across 57 countries and a manufacturing network of 38 facilities in 13 countries, Ar\u00e7elik will continue its global growth journey with determination. As a flagship company for our Group on a global scale, we believe this step will enable Ar\u00e7elik to allocate its resources to priority areas and deliver positive outcomes for all our stakeholders in line with its sustainable growth objectives.”\u00a0<\/p>\n

    Since its inception, AHHA has delivered steady progress across its strategic priorities, including portfolio expansion, geographic growth, brand development and operational performance, and further strengthened Hitachi’s premium brand position across Asia Pacific and MENA.<\/p>\n

    Can Din\u00e7er, Chief Executive Officer of Ar\u00e7elik,<\/b> commented, “Ar\u00e7elik 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 provided products that add real value to households through this collaboration”.<\/p>\n

    “This move reflects our approach as Ar\u00e7elik to shaping our global operations within a more focused, selective, and strategic framework. This step is specific to the structure of this partnership and does not alter our long-term commitment to Asia. We remain confident in the region’s growth potential and continue to invest in key markets including India, Pakistan, and Bangladesh. Ar\u00e7elik has very strong foundations in T\u00fcrkiye, and we are working with determination to achieve our goals in our home market, from which we derive our strength. We will continue to reach our consumers with innovative products and services, and to improve their lives through energy efficiency, digitalization, and AI-driven technologies,”\u00a0Din\u00e7er <\/b>also stated.<\/p>\n

    The agreement is subject to customary closing conditions, including applicable regulatory approvals.\u00a0 Until closing, AHHA will continue its operations in compliance with the provisions of the share purchase and the joint venture agreements. The completion of the transaction is expected to take place within 12 months following the execution of the agreement.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

    <\/p>\n\n\n\n
    \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n
    • Ar\u00e7elik today announced that it has\u00a0signed a definitive agreement with Hitachi Global\u00a0Life Solutions\u00a0for the sale of its stake in Ar\u00e7elik Hitachi Home Appliances (AHHA).<\/b><\/li>\n
    • Transaction consideration consists of USD 205 million in cash to be paid at closing, and additionally, a USD 56 million deferred payment will be paid over three years following closing. <\/b><\/li>\n
    • In addition, as of the closing date, 60% of Ar\u00e7elik Hitachi’s existing cash exceeding USD 56 million will be added to the total consideration as a closing adjustment.<\/b><\/li>\n
    • This strategic move by Ar\u00e7elik marks a significant step in the company’s ongoing portfolio optimization and\u00a0refocus\u00a0on\u00a0core markets and long-term value creation.<\/b><\/li>\n<\/ul>\n

      ISTANBUL<\/span>, April 21, 2026<\/span> \/PRNewswire\/ — Ar\u00e7elik announces the signing of a definitive agreement with Hitachi Global Life Solutions for the divestment of its stake in Ar\u00e7elik Hitachi Home Appliances (AHHA). Established in 2021 as a joint venture, AHHA manufactures, sells and provides after-sales services for Hitachi-branded home appliances across global markets outside Japan. Ar\u00e7elik holds a 60% stake in the company, while Hitachi Global Life Solutions retains a 40% shareholding.<\/p>\n

      The total transaction consideration consists of USD 205 million to be received in cash at closing, and deferred payments totaling USD 56 million to be received in instalments over a three-year period following the closing. In addition, as of the closing date, 60% of Ar\u00e7elik Hitachi’s existing cash exceeding USD 56 million will be added to the total consideration as a closing adjustment.<\/p>\n

      Emphasizing that this decision is a strategic move that goes beyond short-term gains, supporting financial resilience and long-term value creation, Ko\u00e7 Holding Consumer Durables Group President Polat \u015een<\/b> said, “Championing a global footprint across 57 countries and a manufacturing network of 38 facilities in 13 countries, Ar\u00e7elik will continue its global growth journey with determination. As a flagship company for our Group on a global scale, we believe this step will enable Ar\u00e7elik to allocate its resources to priority areas and deliver positive outcomes for all our stakeholders in line with its sustainable growth objectives.”\u00a0<\/p>\n

      Since its inception, AHHA has delivered steady progress across its strategic priorities, including portfolio expansion, geographic growth, brand development and operational performance, and further strengthened Hitachi’s premium brand position across Asia Pacific and MENA.<\/p>\n

      Can Din\u00e7er, Chief Executive Officer of Ar\u00e7elik,<\/b> commented, “Ar\u00e7elik 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 provided products that add real value to households through this collaboration”.<\/p>\n

      “This move reflects our approach as Ar\u00e7elik to shaping our global operations within a more focused, selective, and strategic framework. This step is specific to the structure of this partnership and does not alter our long-term commitment to Asia. We remain confident in the region’s growth potential and continue to invest in key markets including India, Pakistan, and Bangladesh. Ar\u00e7elik has very strong foundations in T\u00fcrkiye, and we are working with determination to achieve our goals in our home market, from which we derive our strength. We will continue to reach our consumers with innovative products and services, and to improve their lives through energy efficiency, digitalization, and AI-driven technologies,”\u00a0Din\u00e7er <\/b>also stated.<\/p>\n

      The agreement is subject to customary closing conditions, including applicable regulatory approvals.\u00a0 Until closing, AHHA will continue its operations in compliance with the provisions of the share purchase and the joint venture agreements. The completion of the transaction is expected to take place within 12 months following the execution of the agreement.\u00a0<\/p>\n

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