Dawlance
Appearance
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Company type | Private |
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Industry | Electronics and Home Appliances |
Founded | 1980 |
Founder | Bashir Dawood |
Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Hakan Burgurlu, Salih Arslantaş |
Products | Refrigerators, Air conditioners, Microwave Ovens, Water Dispensers, Washing Machines, Deep Freezers |
Revenue | $220.6 million |
Number of employees | 4000 |
Parent | Arçelik |
Website | Dawlance |
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 manufacture's washing machines, freezers, split air conditioner and microwave oven's.
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
Categories:
- Companies based in Karachi
- Electronics companies established in 1980
- 1980 establishments in Pakistan
- Consumer electronics brands
- Home appliance manufacturers of Pakistan
- Pakistani brands
- Pakistani subsidiaries of foreign companies
- Mergers and acquisitions of Pakistani companies
- 2016 mergers and acquisitions