CEO Robert Wang of Instant Pot maker will be the new company’s chief innovation officer.
Having a smart kitchen, laundry room or bathroom might seem attractive, but there are serious privacy implications at stake.
One million-square-foot facility is expected to create 600 new jobs.
Home appliance production at a former Caterpillar plant is expected to start early next year.
The acquisition will boost the Stockholm-based appliance manufacturer’s presence in North America.
In talks with Electrolux and others as it focuses on industrial equipment.
Will push for renewable energy projects, international agreements.
Appliance maker blames higher Canadian dollar, saying plant has become unsustainable because most of its production is exported to the U.S.