Whirlpool shares surge amid Bosch takeover speculation
German engineering group Robert Bosch GmbH is contemplating a bid for U.S. appliance manufacturer Whirlpool, which has a market capitalisation of approximately $4.8 billion. The potential acquisition would significantly strengthen Bosch's position in the household appliances market, enhancing its competitive edge, particularly against growing Asian rivals. Bosch has engaged in discussions with potential advisers regarding the bid.
This strategic move aligns with Bosch's ongoing efforts to expand its large home appliance unit. The company has been undergoing major restructuring, including integrating its European business into a new entity controlled by Turkish competitor Arcelik and divesting its operations in the Middle East and Africa. Acquiring Whirlpool, which has been restructuring and divesting non-core operations, would mark one of the largest disclosed deals for Bosch and further solidify its presence in the global white goods market.
