Hotpoint - History - Indesit

Indesit

GEC was eventually transformed into Marconi plc, from which Indesit (then called Merloni Elettrodomestici) bought 50% of GDA (Hotpoint and Creda) on 21 December 2001 for £121m. At this point, Hotpoint employed around 7,000 people at its four UK sites, all of which have subsequently closed. Indesit UK has been based at Peterborough since 1 June 2003. At the beginning of 2007, Indesit completely took over Hotpoint and merged it into its own historic brand Ariston, creating a single entity known as Hotpoint-Ariston, Hotpoint now existing as a branding on imported products . In 2008, the Indesit Company acquired the final quota of shares from General Electric for US$ 57,120,000. From late 2011, Indesit rolled out the Hotpoint brand name across Europe - replacing the Ariston & Hotpoint-Ariston names.

Read more about this topic:  Hotpoint, History

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