# Haier Smart Home x GE Appliances Acquisition: partnership

Canonical ID: `ca055d95-f8ef-4375-8605-ef39d42ea6f2`

Haier (then Qingdao Haier) acquired GE Appliances for 5.6 billion in 2016 with a long-term brand license agreement through 2056. The deal gave Haier a major US manufacturing and distribution footprint and GE Appliances autonomy under new ownership.

- **Type:** investment
- **Status:** concluded
- **Verification posture:** verified

## Parties (2)

- [Haier Smart Home](https://registry.deploy.report/companies/haier-smart-home.md) investor partner
- GE Appliances _(off-registry)_ other

## Timeline

- **Announced:** 2016-01-15
- **Start:** 2016-06-06

## Sources (1)

1. https://pressroom.geappliances.com/news/ge-completes-sale-of-appliances-business-to-haier


_API: GET /v1/partnerships/haier-smart-home-x-ge-appliances-acquisition · canonical URL: /partnerships/haier-smart-home-x-ge-appliances-acquisition_