Haier going to acquire part of GE?

According to the Financial Times, Chinese company Haier might be trying to acquire a part of GE, i.e. the appliances business unit, which would fit into Haier’s present product mix of white goods and electronics.

Haier, a popular brand in China and recognizable by their logo of two kids, has risen to fame by not only making good profits year over year, but also by their innovation policies, having lead to very interesting products, such as the potatoe washing machine.

This might fall into the same line as Lenovo’s acquisition of IBM’s personal computer division or the Schneider acquisition by TCL in 2002.

Worth following up in the next weeks.


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