Midea Electrolux

Have you heard the news? Recently, Midea Group (China’s largest appliance maker) rumored a proposed a US$3.6 billion acquisition of Electrolux. This might have come as a surprise to some consumers who are more familiar with Electrolux than Midea, but there’s no denying that this is an incredible move by Midea.
Contrary to popular belief, Midea is actually a much larger company than Electrolux – with a market capitalization of US$58 billion. This acquisition will further strengthen their position in the global market and give them access to new technologies and markets around the world.

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