Arcelik looking at overseas acquisitions
Arcelik, the home appliances division of Turkey’s biggest company Koc Holding, is picking up the pace of its international expansion through acquisitions, particularly in Asia, Chief Exeuctive Hakan Bulgurlu told Reuters in London on Monday. The appliance company also sells washing machines, dryers and refrigerators under the Beko and Grundig brands. It is also looking to expand into small appliances, such as coffee makers and food processors. Mergers and acquisitions are “important because we have global ambitions,” Bulgurlu said.