- Business
- Haier Smart Home Co., Ltd. engages in the research, development, manufacture, and sale of smart home appliances worldwide. The company offers refrigerators and freezers; washing machines and dryers; air conditioners including room, portable, ductless split, and package terminal units; water heaters and purifiers; kitchen appliances such as dishwashers, microwaves, wine cellars, and beverage centers; small appliances; and smart home solutions encompassing full-scenario experiences via platforms like Sanyiniao for balcony, kitchen, bathroom, air quality, water supply, and audio-video scenarios. It operates through segments including China Smart Home Business focused on internet solutions for food, clothing, air energy, and whole house water; Overseas Home Appliance and Smart Home Business incorporating brands like GE Appliances, Fisher & Paykel, and Candy; and Other Business covering channels, equipment components, and small appliances. Founded in 1984 and headquartered in Qingdao, China, Haier Smart Home serves consumer markets globally with operations spanning China, Europe, North America, Asia-Pacific, Africa, and the Middle East. Recent developments include the completion of the acquisition of Carrier Commercial Refrigeration in October 2024 for an enterprise value of USD 775 million, expanding its industrial and food retail refrigeration portfolio with brands like Carrier, Profroid, Celsior, and Green & Cool; the acquisition of South Africa's Kwikot in December 2024 for ZAR 2.45 billion to bolster water heating and home appliance presence in the Middle East and Africa region; and the full acquisition of Fisher & Paykel Appliances, alongside ongoing overseas expansions such as the Haier Egypt Ecological Park.