Electrolux Professional
| File:Electrolux Professional logo.svg | |
| Type | Publicly traded aktiebolag |
|---|---|
| Nasdaq Stockholm: EPRO B | |
| ISIN | SE0013747870 [1] |
| Industry | Electronics |
| Founded | 1962 |
| Headquarters | Stockholm, Sweden |
Area served | Worldwide |
Key people | Alberto Zanata (President and CEO) |
| Products | |
| Brands |
|
| 592 million kr (2021)[2] | |
| Total assets | 10,609 billion kr (2021)[2] |
| Total equity | 3,525 billion kr (2021)[2] |
| Owner | Investor AB (20.5%; 32.4% votes)[2] |
Number of employees | 3,973 (2021)[2] |
| Website | www |
Electrolux Professional AB is a Swedish multinational professional appliance manufacturing company, headquartered in Stockholm. Originally formed as a division and later subsidiary of Electrolux, it was spun-off in March 2020. It produces variety of major and small appliances which intended for professional consumers, rather than Electrolux which more focused towards the home consumers.
History
In January 2018, Electrolux Professional acquired a German-Austrian supplier of laundry rental solutions for professional consumers.[3] In October 2018, Electrolux Professional acquired SPM, an Italian manufacturer of frozen beverage equipment.[4]
In April 2019, Electrolux Professional acquired Unic, a French manufacturer of the espresso machines.[5]
In March 2020, Electrolux Professional has completed its spin-off from Electrolux. As a result, Electrolux Professional has been operated as an independent company and listed on Nasdaq Stockholm under the "EPRO" ticker symbol.[6][7]
In October 2021, Electrolux Professional announced its intent to acquire Unified Brands from Dover Corporation for 2.14 billion kr or US$244 million.[8] The acquisition was closed in December 2021.[9]
Products
Electrolux Professional produces a variety of major appliances for professional users, such as commercial kitchen equipments, espresso machines, beverage dispensers, washing machines, dryers, among others.
References
- ^ "EPRO B, Electrolux Professional B, (SE0013747870) - Nasdaq". www.nasdaqomxnordic.com.
- ^ a b c d e "Annual Report 2020" (PDF). Electrolux Professional AB.
- ^ "Electrolux to Acquire German Company in Professional Laundry". January 22, 2018. Retrieved December 6, 2021.
- ^ "SPM proudly becoming part of Electrolux Professional". October 2, 2018. Retrieved December 6, 2021.
- ^ "Electrolux strengthens its professional beverage offering by acquiring UNIC in France". April 25, 2019. Retrieved December 6, 2021.
- ^ "Nasdaq Stockholm welcomes Electrolux Professional to the Main Market". 2020-03-23. Retrieved 2021-12-05.
- ^ "Electrolux Professional AB (publ) listed for trading at Nasdaq Stockholm". March 23, 2020. Retrieved December 6, 2021.
- ^ "Electrolux Professional to Buy Unified Brands from Dover for $244M". October 12, 2021. Retrieved December 6, 2021.
- ^ "Electrolux Professional has completed the acquisition of Unified Brands". December 1, 2021. Retrieved December 6, 2021.
External links
- Pages with non-numeric formatnum arguments
- Articles with short description
- Short description with empty Wikidata description
- Official website not in Wikidata
- Electrolux
- Swedish brands
- Manufacturing companies based in Stockholm
- Electronics companies established in 1962
- Swedish companies established in 1962
- Multinational companies headquartered in Sweden
- Companies related to the Wallenberg family
- 2020 initial public offerings
- Companies listed on Nasdaq Stockholm
- Corporate spin-offs
- Electronics companies of Sweden