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 SEK2.14 billion 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.
External links
References
- EPRO B, Electrolux Professional B, (SE0013747870) - Nasdaq www.nasdaqomxnordic.com^
- Annual Report 2020 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, retrieved December 6, 2021^
- Electrolux Professional has completed the acquisition of Unified Brands December 1, 2021, retrieved December 6, 2021^