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'''Dawlance''' is a Pakistani [[Major appliance|home appliance]]s 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.<ref>{{cite news|url=http://www.brecorder.com/pakistan/industries-a-sectors/307363-turkish-based-arcelik-acquire-dawlance-group-for-$258mn.html|title=TURKISH BASED ARCELIK ACQUIRE DAWLANCE GROUP FOR $258MN|publisher=Business Recorder|last1=Ali|first1=Ahmed|accessdate=11 July 2016}}</ref> |
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Dawlance has three factories, two sites in [[Karachi]] and one in [[Hyderabad, Sindh|Hyderabad]], with a total of 4,000 employees.<ref>{{cite news|url=http://www.dawn.com/news/1099652|title=Steady business growth in home appliances|publisher=Dawn|last1=Khan|first1=Aamir Shafaat|accessdate=11 July 2016}}</ref> It manufacture's washing machines, freezers, [[split air conditioner]] and [[microwave oven]]'s. |
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In 2015, Dawlance had revenues of $220.6 million selling product's in Pakistan and [[Middle East]]. Similarly, its [[Ebitda|EBITDA]] earnings amounted to $45 million. It has 37 branches in addition to 750-plus franchises across the country <ref>{{Cite news|url=http://tribune.com.pk/story/1134014/turkish-company-acquire-dawlance-258-million/|title=Turkish company to acquire Dawlance for $258 million - The Express Tribune|date=2016-07-01|newspaper=The Express Tribune|language=en-US|access-date=2016-10-31}}</ref> |
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It was acquired by [[Arçelik]] in November 2016 for $258m, and since then function's a [[Wholly owned subsidiary|wholly owned]] brand for [[Arçelik]].<ref>{{Cite news|url=http://tribune.com.pk/story/1216572/arcelik-finalise-dawlance-acquisition-november-7/|title=Arçelik to finalise Dawlance acquisition by November 7 - The Express Tribune|date=2016-10-31|newspaper=The Express Tribune|language=en-US|access-date=2016-10-31}}</ref> |
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==References== |
==References== |
Revision as of 16:04, 9 January 2021
Company type | Private |
---|---|
Industry | Electronics and Home Appliances |
Founded | 1980 |
Founder | Bashir Dawood |
Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Hakan Burgurlu, 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 | KOC Holding AS |
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
- 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
- Pakistani companies established in 1980
- Electronics companies of Pakistan