Electrolux Professional
 | |
| Company type | Publicly traded aktiebolag |
|---|---|
| Nasdaq Stockholm: EPRO B | |
| ISIN | SE0013747870 [1] |
| Industry | Electronics |
| Founded | 1962 |
| Headquarters | Stockholm, Sweden |
Area served | Worldwide |
Key people | Kai Wärn (Chairman) 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 | 4,022 (2022)[3] |
| 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 a variety of products intended for professional consumers, while Electrolux remains more focused toward home consumers.
History
In January 2018, Electrolux Professional acquired a German-Austrian supplier of laundry rental solutions for professional consumers.[4] In October 2018, Electrolux Professional acquired SPM, an Italian manufacturer of frozen beverage equipment.[5]
In April 2019, Electrolux Professional acquired Unic, a French manufacturer of the espresso machines.[6]
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.[7][8]
In October 2021, Electrolux Professional announced its intent to acquire Unified Brands from Dover Corporation for 2.14 billion kr or US$244 million.[9] The acquisition was closed in December 2021.[10]
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 "Annual Report 2020" (PDF). Electrolux Professional AB.
- ^ "Employee 2022". 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. Archived from the original on December 6, 2021. Retrieved December 6, 2021.
- ^ "Electrolux Professional has completed the acquisition of Unified Brands". December 1, 2021. Retrieved December 6, 2021.
External links
- 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