Haier Smart Home to acquire Kwikot.
Kwikot specialises in solutions that include electric water heaters, solar water heaters, multi-energy solutions, gas water heaters and heat pumps. It is the leading water heater manufacturer in South Africa.
As a well-established SA brand, Kwikot has a solid distribution channel, installation network and after-sales service system that provides users with speedy response and quality services.
Haier Smart Home will aims to expand Kwikot’s water heater lineups and explore the potential of solar water heaters and water purifiers. Haier Smart Home also intends to accelerate its refrigerators and laundry businesses with the help of Kwikot’s strong local distribution channels.
Haier listed it’s a shares on the Shanghai Stock Exchange in 1993, listed its D shares on the China Europe International Exchange in Frankfurt, Germany in 2018, and listed its H shares on the Hong Kong Stock Exchange.
