Home / Whirlpool completes us$107m Hoover deal

Whirlpool completes us$107m Hoover deal

Whirlpool Corporation has completed the sale of its Hoover floor-care business to Techtronic Industries (TTI) for US$107 million.

Whirlpool Corporation has completed the sale of its Hoover floor-care business to Techtronic Industries (TTI) for US$107 million.

The deal sees TTI gain operational control of Hoover, including its manufacturing plants in the US and Mexico.

Whirlpool is the world’s biggest home appliance manufacturer, with annual sales of more than US$19 billion and around 80,000 employees, while TTI primarily manufactures home improvement tools under a variety of monikers including the AEG and Ryobi brand names.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.