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State acquisition of datong in north america reached 300 million electrical purchase price or by efvf vdvV





Article Author Biography
State acquisition of datong in north america reached 300 million electrical purchase price or by
Article Posted: 07/30/2011
Article Views: 74
Articles Written: 1254
Word Count: 745
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State acquisition of datong in north america reached 300 million electrical purchase price or


 
Business,Business News,Business Opportunities
Swallow large and medium, then the same way the market integration of northern Shanxi

Following the 3.65 billion acquisition of large and medium

Also low-key acquisition in the North Datong

, Son of another growth in the regional market the brand. Yesterday, the reporter group from the States United States confirmed that the transaction has been completed. According to local people introduced Datong, North China Electric is a local

Sales leader, so, again by the acquisition and integration of countries of the United States market in northern Shanxi.

Purchase price or up to 300 million

"Matters relating to mergers and Northern Electric has been completed." Yesterday, the U.S. State spokesman told this reporter Ho Ching Yang. Northern Electric will sell both equity and fixed to the Gome has been a household name in local news, but because the country is extremely low profile in the United States deal with, so the public's understanding was not that much.

Northern Electric website revealed that the company is operating in north China's largest home appliance,

, Coke, mineral industries of large enterprises, the total assets of 250 million yuan, annual sales income of household appliances for five consecutive years up to 3 billion yuan in 2004 sales reached 350 million yuan appliances only.

It is reported that the deal on December 20 last year signed a contract on January 6 this year, complete the transfer. States United States did not disclose the transaction price, rumored price of millions, while Datong local people told reporters that the price in a couple of billion.

, Tatung is particularly intense competition in home appliance market, causes the entry of the United States is the country currently has two stores. Country United States has declared the use low-cost "will drive down the price of Datong about 30% of home appliances," but did not bring much to the original pattern of the impact of the North Datong Electric still occupy the leading market position. In addition, the local spring Yi, three flooding the U.S. (the local chain of home appliance sales, and the National United States has nothing to do), is also a country the United States competitors. It is reported that China had the U.S. had on the proposed acquisition of Northern Electric ideas.

Continue to operate two-brand

It is reported that, based on Northern Electric's influence in local, national United States continue to adhere to double-brand operation. Transferee at the new store the original name remains unchanged, the brand and operating model will also continue to expand. Northern Electric, insiders say, the current Northern Electric has been "upgraded opened", "Northern Electric has been and the country and the United States and the future sales of aftermarket products

By the combined company responsible for products sold before the merger have another follow-up services solutions. "

According to sources within the country the United States, Northern Electric a total of five stores in Datong, one of the largest commercial buildings in the North appliances are super flagship stores, an area of 20,000 square meters, the local concentration of the majority of sales in Datong. In addition, the transfer of assets including fixed assets, the current northern commercial electrical appliances have been replaced by commercial buildings in the north country the United States.

Enumerating recent acquisition of Chinese home appliance chain Gome can be said to acquire expert, has acquired more than 10 national or regional appliance retail brand, to achieve a multi-brand operations, such as Shanghai Yongle, Heilongjiang Black Swan, Changzhou The Golden Sun, and then have just completed the large and medium, now Adds the Northern Electric. Some analysts said the country the United States is in the "money in exchange for quality assets, relying on existing retail

And resources, go find a new shop to save the time cost, cost and training of shop "to achieve rapid expansion.

According to the local chain practitioners

Datong estimated ex post, Gome will account for 80% of Datong market share, annual sales estimated to reach 800 000 000 -10 100 000 000. It is reported that the country after the United States plans to the Spring Festival, held a news conference on matters relating to mergers and acquisitions, disclosure details.

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