Page 44 - Arçelik PR REPORT - APRIL 2024

4/18/24, 11:46 AM Arçelik Completes Acquisition Of Whirlpool's Moroccan And UAE Subsidiaries And Operations In MENA Region | MENAFN.COM

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.

About Arçelik:

Beko has 55,000 employees throughout the world with its global operations through its
subsidiaries in 57 countries, 31 R&D and 45 production facilities in 13 countries (Türkiye, UK,

Italy, Romania, Slovakia, Poland, South Africa, Russia, Pakistan, India, Bangladesh, Thailand
and China). Beko has 22 brands owned or used with a limited license (Arçelik, Beko,

Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance,
Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis,
Polar). Beko becomes the largest white goods company in Europe and the second largest

white goods company in the world with its market share and reached a consolidated turnover
of 8 billion Euros in 2023. For the 5th consecutive year, Arçelik achieved the highest score in

the DHP Household Durables industry (based on the results dated 27 October 2023) in the
Dow Jones Sustainability Index of the S&P Global Corporate Sustainability Assessment.

Arçelik's vision is 'Respecting the World, Respected Worldwide.'

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