 | |
| Type | Private |
|---|---|
| Industry | Electronics and Home Appliances |
| Founded | 1980 |
| Founder | Bashir Dawood |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Hakan Bulgurlu, Umar Ahsan Khan |
| Products | Refrigerators, Air Conditioners, Deep Freezers, Washing Machines, Vacuum Cleaners, Dishwashers, Water Dispensers, Microwave Ovens, Small Kitchen Appliances, Kitchen Hoods, Gas Hobs & Built-in Ovens |
| Revenue | $220.6 million |
| Owner | Koç Holding AŞ |
Number of employees | 4000 |
| Parent | Arçelik |
| Website | www |
Dawlance is a Pakistani home appliances brand which is a subsidiary of Turkish company Arçelik. It is based in Karachi. Founded in 1980, it was acquired by Istanbul-based Arçelik in 2016.[1]
Dawlance has three factories, two sites in Karachi and one in Hyderabad, with a total of 4,000 employees.[2] It manufactures washing machines, freezers, split air conditioner and microwave ovens.
In 2015, Dawlance had revenues of $220.6 million selling product's in Pakistan and Middle East. Similarly, its EBITDA earnings amounted to $45 million. It has 37 branches in addition to 750-plus franchises across the country [3]
It was acquired by Arçelik in November 2016 for $258m, and since then function's a wholly owned brand for Arçelik.[4]
References
- ↑ Ali, Ahmed. "TURKISH BASED ARCELIK ACQUIRE DAWLANCE GROUP FOR $258MN". Business Recorder. Retrieved 11 July 2016.
- ↑ Khan, Aamir Shafaat. "Steady business growth in home appliances". Dawn. Retrieved 11 July 2016.
- ↑ "Turkish company to acquire Dawlance for $258 million - The Express Tribune". The Express Tribune. 2016-07-01. Retrieved 2016-10-31.
- ↑ "Arçelik to finalise Dawlance acquisition by November 7 - The Express Tribune". The Express Tribune. 2016-10-31. Retrieved 2016-10-31.
External links
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.