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Haier Smart Home Acquires Carrier's Commercial Refrigeration Business for USD 640 million

Retrieved on:

Wednesday, December 13, 2023

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QINGDAO, China, Dec. 13, 2023 /PRNewswire/ -- Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation (NYSE: CARR) to acquire Carrier's Commercial Refrigeration Business ("Carrier Commercial Refrigeration") through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million (the "Transaction"), which represents 11x 2022A P/E.

Key Points:

QINGDAO, China, Dec. 13, 2023 /PRNewswire/ -- Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation (NYSE: CARR) to acquire Carrier's Commercial Refrigeration Business ("Carrier Commercial Refrigeration") through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million (the "Transaction"), which represents 11x 2022A P/E.
The Transaction marks Haier Smart Home's expansion from its existing household refrigeration business into the commercial refrigeration business, creating additional future growth opportunities.
Carrier Commercial Refrigeration is a leading global commercial refrigeration solutions provider, with more than 4,000 employees, including over 2,000 service technicians in more than ten countries worldwide.
"The acquisition will help Haier Smart Home establish its commercial refrigeration platform, enabling the Company to capture additional growth opportunities by expanding its presence to food retail refrigeration and cold storage."

Dehumidifier Market Expected to Reach $4.7 Billion, Globally, by 2032 at 6.6% CAGR--Allied Market Research

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Wednesday, December 13, 2023

Ventilation, Electronics, PDF, Smartphone, Air conditioning, Trust, Marketing, Humidity, Automation, Table, Heat, Growth, LG Electronics, Museum, HVAC, Haier

These dehumidifiers are integrated into the ductwork or HVAC system of the structure and are permanently installed.

Key Points:

These dehumidifiers are integrated into the ductwork or HVAC system of the structure and are permanently installed.
Moreover, customers have the opportunity to remotely manage and monitor humidity levels using smartphone apps since stationary dehumidifiers are increasingly integrated with smart home systems.
As per application, the industrial segment held the highest market share in 2022, accounting for more than two-fifths of the dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period.
In the near future, it is expected that the dehumidifier industry will have prospects due to the expansion of the residential and industrial sectors.

Dehumidifier Market Expected to Reach $4.7 Billion, Globally, by 2032 at 6.6% CAGR--Allied Market Research

Retrieved on:

Wednesday, December 13, 2023

Ventilation, Electronics, PDF, Smartphone, Air conditioning, Trust, Marketing, Humidity, Automation, Table, Heat, Growth, LG Electronics, Museum, HVAC, Haier

These dehumidifiers are integrated into the ductwork or HVAC system of the structure and are permanently installed.

Key Points:

These dehumidifiers are integrated into the ductwork or HVAC system of the structure and are permanently installed.
Moreover, customers have the opportunity to remotely manage and monitor humidity levels using smartphone apps since stationary dehumidifiers are increasingly integrated with smart home systems.
As per application, the industrial segment held the highest market share in 2022, accounting for more than two-fifths of the dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period.
In the near future, it is expected that the dehumidifier industry will have prospects due to the expansion of the residential and industrial sectors.

Energy Retrofit Market to Surpass US$ 165.6 Billion by 2030 - Coherent Market Insights

Retrieved on:

Monday, November 20, 2023

Significant improvement in energy efficiency due to growing demand for energy efficient solution is a key factor propelling growth of the energy retrofit market.

Key Points:

Significant improvement in energy efficiency due to growing demand for energy efficient solution is a key factor propelling growth of the energy retrofit market.
Increasing installation of energy efficient technology such as LED HVAC retrofit, LED retrofit lighting, window insulation and glazing retrofit, and roofing retrofit are other major factor expected to augment the market growth.
Key Trends and Analysis of the Global Energy Retrofit Market:
Increasing government initiatives to encourage the installation of energy efficient solution is expected to be an emerging trend in the global market.
Global Energy Retrofit market is expected to surpass US$ 165.6 Billion by 2030 and is anticipated to witness a CAGR of 5.1% during the forecast period 2023-2030, owing to the growing consumption of energy, increasing focus on energy efficiency, and growing government initiatives to encourage the installation of energy efficient solutions.

Energy Retrofit Market to Surpass US$ 165.6 Billion by 2030 - Coherent Market Insights

Retrieved on:

Monday, November 20, 2023

Significant improvement in energy efficiency due to growing demand for energy efficient solution is a key factor propelling growth of the energy retrofit market.

Key Points:

Significant improvement in energy efficiency due to growing demand for energy efficient solution is a key factor propelling growth of the energy retrofit market.
Increasing installation of energy efficient technology such as LED HVAC retrofit, LED retrofit lighting, window insulation and glazing retrofit, and roofing retrofit are other major factor expected to augment the market growth.
Key Trends and Analysis of the Global Energy Retrofit Market:
Increasing government initiatives to encourage the installation of energy efficient solution is expected to be an emerging trend in the global market.
Global Energy Retrofit market is expected to surpass US$ 165.6 Billion by 2030 and is anticipated to witness a CAGR of 5.1% during the forecast period 2023-2030, owing to the growing consumption of energy, increasing focus on energy efficiency, and growing government initiatives to encourage the installation of energy efficient solutions.

Lucas GC Limited (LGCL), an AI+PaaS Platform Achieved 171% Growth in 1H 2023 and Four Consecutive Profitable Years, Planned to IPO on NASDAQ

Retrieved on:

Monday, November 20, 2023

This provides excellent market opportunities for technology-driven human capital management service enterprises like Lucas GC Limited ("Lucas") .

Key Points:

This provides excellent market opportunities for technology-driven human capital management service enterprises like Lucas GC Limited ("Lucas") .
Lucas has been working in GPT-related fields for over 3 years and has obtained 6 GPT-related patents.
In order to maintain the leading position in technology, Lucas intends to deplore 40% of IPO proceeds in technology infrastructure and research and development.
It is believed that with Lucas seizing market development opportunities and further delivering on performance, the future development prospects are highly promising.

EQS-News: Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry

Retrieved on:

Tuesday, November 7, 2023

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Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry

Key Points:

Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry
The issuer is solely responsible for the content of this announcement.
Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry
Total revenue of RMB198.66 billion (9M 2022: RMB184.81 billion (restated))
Qingdao / Shanghai / Hong Kong / Frankfurt, 30 October 2023 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", D-share 690D.DE, A-share 00690.SH, H-share 06690.HK), today published its financial figures for the first nine months of 2023.
In the first nine months of 2023, Haier Smart Home achieved a revenue of RMB 198.66 billion, representing an increase of 7.5% YoY.
Haier Smart Home continued to develop its high-end brand strategy and achieved steady growth by improving the brand image and defining new business segments.

Haier's Odyssey in the Middle East and Africa: Forging a Global Brand through Localized Innovation.

Retrieved on:

Tuesday, October 17, 2023

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Recently, Ifeng.com's premiere of "Chinese Brands Enhancing Life in the Middle East and Africa through Innovation" detailed Haier's dynamic branding in these regions.

Key Points:

Recently, Ifeng.com's premiere of "Chinese Brands Enhancing Life in the Middle East and Africa through Innovation" detailed Haier's dynamic branding in these regions.
Considering the cultural and habit differences across countries and regions, it's tough for global companies to market identical products everywhere.
Using a three-fold approach of localized R&D, production, and marketing, Haier has opened up more possibilities for enhancing the lives of local consumers.
Today, innovative technology and product solutions tailored to local needs have made their way into millions of homes across the Middle East and Africa.

GE Appliances Blue Wave Circles the Globe

Retrieved on:

Friday, October 13, 2023

View the full release here: https://www.businesswire.com/news/home/20231012919613/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231012919613/en/
GE Appliances' Blue Wave Projects Help Support Public Schools, Nonprofits and Neighborhoods Across the Country and Around the World.
(Photo: GE Appliances, a Haier company)
Called “The Blue Wave”, GE Appliances launched the initiative in 2021 to support the Louisville community, home of its corporate headquarters and largest manufacturing facilities, during a time when the city was tackling the COVID-19 pandemic and addressing racial equity following the murders of George Floyd in Minnesota and Breonna Taylor in Louisville.
“We invent, design and build the world’s best appliances, and we believe in building stronger communities,” said Kevin Nolan, president & CEO of GE Appliances.
More than 700 GE Appliances employees will come together throughout the month of October for The Blue Wave.

GE Appliances Celebrates Opening of CoCREATE in Connecticut

Retrieved on:

Thursday, October 12, 2023

View the full release here: https://www.businesswire.com/news/home/20231012485567/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231012485567/en/
Inside GE Appliances’ CoCREATE Stamford microfactory where manufacturing of the GE Profile® Smart Mixer with Auto Sense is underway.
(Photo: GE Appliances, a Haier company)
"We are thrilled to officially open CoCREATE, a dynamic incubator for innovation and partnership that puts the community at the very center of the experience," said GE Appliances President & CEO Kevin Nolan.
GE Appliances broke ground on CoCREATE in the fall of 2021 and began manufacturing select small appliances inside the facility last year.
It showcases kitchen vignettes from GE Appliances' various brands, such as Monogram®, Café®, GE®, GE Profile®, Haier® and Hotpoint®, highlighting their individual, distinctive styles.