Electrolux acquired the remaining 60% of Guangdong De Yi Jie Appliances
In August 2020, Electrolux AB (Electrolux) acquired 60% of Guangdong De Yi Jie Appliances, having previously owned 40% of the company, making it now a fully owned subsidiary. Guangdong De Yi Jie Appliances is a Chinese firm that sells AEG household appliances to the Chinese market.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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