Haier buys GE Appliances for $5.4 billion

haier buys ge appliances for 5 4 billion magnetic cooling solid state wine fridge 3
Haier Magnetic Cooling Solid State Wine Fridge Jenny McGrath / Digital Trends
At CES 2016, China’s Haier showed off a range of connected appliances it hopes to bring to the U.S. market with its U+ Smart Life platform. Today General Electric announced it’s selling its appliance brand to Haier for $5.4 billion, which Reuters calls the latter company’s biggest deal ever.

Last year, Electrolux attempted to purchase the business for $3.3 billion, but the U.S. Department of Justice raised antitrust concerns in December.

The GE Appliances brand name will remain, as will the company’s management, and the headquarters will stay in Louisville, Kentucky. This news comes just days after GE announced it would move its headquarters to Boston. Meanwhile, Haier already has an industrial park in Camden, South Carolina.

It will be interesting to see what comes of the GE acquisition. “Qingdao Haier and GE Appliances are highly complementary businesses, particularly in the areas of brand, market, product innovation, and supply chain and quality management,” Haier chairman Liang Haishan said in a related statement. Haier’s innovations go beyond its R2-D2-inspired fridge, and GE has shown its commitment to quirky, cool projects with First Build, which has generated products such as the Nugget Ice Maker and ChillHub fridge.

Haier’s commitment to “‘zero distance to the consumer’ … bodes well for our continued strong product development here in Louisville and Appliance Park, and also at First Build,” Louisville Mayor Greg Fischer said at a press conference.

One further area of interest that both companies have in common is that each of them has been independently working on magnetic refrigeration. Haier showed off its solid-state wine fridge at both IFA 2015 and CES 2016. GE wants to bring the technology to full-size fridges, because it’s quieter and more energy efficient than appliances that use compressors, and it doesn’t require refrigerant. In other words, it would be a game-changing technology, as far as fridges go.

Smart Home

Walmart, Home Depot, ABT, Best Buy drop huge appliance sales for Memorial Day

Memorial Day weekend brings kitchen appliance sales just before the summer season begins. We searched Home Depot, Best Buy, ABT, and Walmart for their best appliance deals on washers, dryers, ranges, refrigerators, and kitchen suites.
Deals

Home Depot Memorial Day sale drops prices on grills, tools, and appliances

Though Memorial Day sales traditionally begin the weekend before the actual day itself, Home Depot has already released its discounts. You can save up to 40% on major appliances, grills, and power tools for a limited time.
Smart Home

The best smart home devices that work with Amazon Alexa

Ever since Amazon added the Dot, Tap, and Show to its Echo lineup, Alexa-enabled devices have exploded. Here's a guide to everything Alexa can control in your smart home, from lights to locks to appliances.
Mobile

FCC chairman and commissioner support the T-Mobile and Sprint merger

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Smart Home

Amazon chops the price for customer favorite Hamilton Beach 2-way coffee brewer

Do you sometimes want just a single cup of coffee without making a whole pot but other times use a full carafe? Have it both ways with the Amazon's Choice Hamilton Beach 2-Way Brewer. For today only, Amazon cut the price by $53.
Deals

Best Memorial Day smart mattress sales from Sleep Number, Beautyrest, and more

Memorial Day is one of the best holidays when it comes to online sales. If you're looking for a new mattress, a smart mattress may be right for you. Check out some of the best Memorial Day smart mattress sales of the year to take your smart…
Smart Home

Amazon Memorial Day sale: $210 off Arlo Pro wireless security camera kit

Weatherproof and wireless, the Arlo Pro security camera gives you the freedom to monitor any area or room inside or outside your home. Amazon dropped the price of the Arlo Pro HD security camera kit that includes everything you need.
Smart Home

Amazon Memorial Day deal drops price of August Smart Lock for homes to just $99

Smart lock are a strong start to any smart home security system. Now, in Amazon’s Memorial Day deal, score an August Smart Lock for the low price of just $99, down from $150. Lock in this deal now and start your summer off smart.
Smart Home

Before you sell your Google Home Mini, here's how to factory reset it

If you’re thinking about swapping out Google's entry-level smart speaker, you can get a few bucks in cash or trade-in value out of your device. You’ll need to wipe your device first though. Here's how to factory reset a Google Home…
Deals

The best Amazon Prime Day 2019 deals: Everything you need to know

Amazon Prime Day 2019 is still a few months off, but it's never too early to start preparing. We've been taking a look at the best discounts from previous Prime Days to give you our predictions of what to expect this year.
Smart Home

Walmart offers sweet deals on Owlet Smart Sock 2 baby monitor

Parenting is an amazing experience, but wondering how newborns and infants are at night can be nerve-wracking. Baby monitors can ease some of the stress by letting you check on the baby without entering the room.
Deals

Amazon slashes prices on Nest and Ecobee smart thermostats for Memorial Day

If you’re tired of constantly adjusting your thermostat and you want a smarter (not to mention more eco-friendly) way to keep cool this spring and summer, then these Nest and Ecobee smart thermostat deals are just what the doctor ordered.
Deals

Walmart Memorial Day sale: 4K TVs, laptops, and Apple iPads get price cuts

The Walmart Memorial Day sale has begun. With some pretty nice savings on Apple iPads, Samsung and Vizio 4K TVs, laptops, and Google Home devices, now is a great time to snag some electronics for cheap.
Smart Home

The best stand mixers of 2019, including models at every price range

Making dough is hard work, but the right stand mixer can make free up some time (and your hands). Here are our current favorites, from the likes of KitchenAid, Sunbeam, and several other manufacturers.