Page 17 - Arçelik PR REPORT - APRIL 2024

4/18/24, 11:50 AM Arçelik Completes Acquisition Of Whirlpool's Moroccan And UAE Subsidiaries And Operations In MENA Region - AM Marketing, …
55,000 employees and 45 production facilities. Soon, it will be adding a state-of-the-art factory
in Egypt, which stands on the cusp of operation, ready to bring innovation and excellence to
the market. With this new integration, we are inching closer to our ambition to become the
number one home appliances company in the region. We reaffirm our dedication to delivering
top-tier products to MENA consumers, emphasising quality, durability, and sustainability. We
will continue to prioritise the well-being of both the planet and its people, and remain attentive
to the needs of our consumers, communities, and employees as we continue to grow and
evolve sustainably.”

On the April 2, 2024, Arçelik announced the successful completion of the definitive
Contribution Agreement between Arçelik’s wholly owned subsidiary Beko B.V. and Whirlpool
Corporation’s wholly owned subsidiary Whirlpool EMEA Holdings LLC, resulting in the
creation of Beko Europe. Beko Europe’s 75 per cent shares are owned by Beko B.V and 25
per cent of shares are owned by Whirlpool Corporation. Arçelik, having accomplished these
two significant milestones, will continue revolutionising the industry, driving innovation, and
delivering value to consumers worldwide.

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