Electrolux Group divests South African water heater business

STOCKHOLM, July 18, 2024 /PRNewswire/ — Electrolux Group has signed an agreement to divest its water heater business in South Africa under the Kwikot brand for an enterprise value of ZAR 2.4bn (approx. SEK 1.4bn) to Haier Smart Home. The divestment includes the Kwikot brand and the…