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.
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]
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.
Koninklijke Philips N.V., commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the world, but is currently focused on the area of health technology, having divested its other divisions.
Investor AB is a Swedish investment and holding company, often considered a de facto conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's companies are involved in a variety of industries, of which the primary industries are pharmaceuticals, telecommunications and industry.
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world's second largest appliance maker by units sold, after Whirlpool.
Autoliv, Inc. is a US-domiciled, Swedish-headquartered automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 68,000 employees in 27 countries, of whom 5700 are involved in research, development and engineering. In addition, the company has 14 technical centers around the world, including 20 test tracks, more than any other automotive safety supplier.
Haier Group Corporation is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, dryers, microwave ovens, mobile phones, computers, and televisions. The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.
Frigidaire Appliance Company is the American consumer and commercial home appliances brand subsidiary of multinational company Electrolux, a Swedish multinational home appliance manufacturer, headquartered in Stockholm.
Kelvinator was an American home appliance manufacturer and a line of domestic refrigerators that was the namesake of the company. Although as a company it is now defunct, the name still exists as a brand name owned by Electrolux AB. It takes its name from William Thomson, 1st Baron Kelvin, who developed the concept of absolute zero and for whom the Kelvin temperature scale is named. The name was thought appropriate for a company that manufactured ice-boxes and refrigerators.
Asko Appliances AB was a Swedish company producing household appliances such as refrigerators, dishwashers and washing machines. It was based in Jung in Vara Municipality in Västergötland. Asko Appliances is now owned by Gorenje Group which is a part of Chinese major appliances manufacturer Hisense. The products continue to be sold in Sweden under the brand Cylinda and Asko. In North America, Asko imports only dishwashers and laundry appliances. Asko is upscale and competes against Bosch, Miele, SMEG, Viking Range, Fulgor, Kitchen Aid and Electrolux.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under "DOV". Dover was ranked 445 in the 2023 Fortune 500. The company relocated its headquarters to Illinois from New York in mid-2010.
GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. It is one of the largest appliance companies in the United States and manufactures appliances under several brands, including GE, GE Profile, Café, Monogram, Haier and Hotpoint. The company also owns FirstBuild, a co-creation community and micro-factory on the University of Louisville's campus in Louisville, Kentucky. Another FirstBuild location is in South Korea, and a FirstBuild location in India opened its doors in 2019.
The Husqvarna Group is a Swedish manufacturer of outdoor power products including robotic lawn mowers, chainsaws, trimmers, brushcutters, cultivators, and garden tractors. Founded as a firearms manufacturer in 1689, it is one of the oldest continuously running companies in the world. Headquartered in Stockholm, Sweden, the group also produces consumer watering products under the brand Gardena, cutting equipment and diamond tools for the construction and stone industries.
Eureka is an American home appliances brand owned by Chinese company Midea Group that manufactures vacuum cleaners, including uprights, cordless, canisters, sticks and handhelds. Eureka also manufactures aftermarket vacuum accessories, such as bags, belts and filters.
Breville Group Limited or simply Breville is an Australian multinational manufacturer and marketer of home appliances, headquartered in the inner suburb of Alexandria, Sydney. The company's brands include Breville, Kambrook and Ronson. In the UK and Europe the company, firming as Sage Appliances, goes to market as the Sage brand and as the Breville brand in the rest of the world.
Olympic Group is an Egyptian group of companies operating mainly in the field of domestic appliances. The main products it manufactures are washing machines, refrigerators, electric water heaters and gas cookers. It also operates in the fields of IT and real estate. It owns the licensing rights for Sony products in Egypt. Olympic Group has acquired "IDEAL", a formerly state-owned appliances giant.
Techtronic Industries Company Limited is a Hong Kong China–based multinational company that designs, produces, and markets power tools, outdoor power equipment, hand tools, and floor care appliances. It pioneered cordless power tools powered by lithium-ion rechargeable batteries.
BSH Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. The group stemmed from a joint venture set up in May 1967 between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich), and it posted annual sales of 14.8 billion euros in the year 2023. BSH is an acronym for Bosch und Siemens Hausgeräte.
Midea Group is a Chinese electrical appliance manufacturer, headquartered in Beijiao town, Shunde District, Foshan, Guangdong and listed on Shenzhen Stock Exchange. As of 2021, the firm employed approximately 150,000 people in China and overseas with 200 subsidiaries and over 60 overseas branches. Midea Group is listed on Shenzhen Stock Exchange since 2013. It has been listed on the Fortune Global 500 since July 2016. Midea produces lighting, water appliances, floor care, small kitchen appliances, laundry, large cooking appliances, and refrigeration appliances. It is the largest microwave oven manufacturer, and acts an OEM for many brands. It also has a long history in producing home and commercial products in heating, ventilation and air conditioning (HVAC). It is the world's largest producer of industrial robots and appliances.
Kenmore is an American brand of household appliances, cookware, floorcare, grills, HVAC equipment and other home items owned and licensed by Transformco, an affiliate of ESL Investments. Previously they were a subsidiary brand of Sears Holdings, but after Sears Holdings filed for Chapter 11 bankruptcy on October 15, 2018 they were acquired by Transformco, formed in 2019 after acquiring the assets of Sears Holdings Corporation.
Sinch, formerly CLX Communications, is a communications platform as a service (CPaaS) company which powers messaging, voice, and email communications between businesses and their customers. Headquartered in Stockholm, Sweden, the company employs over 4000 people in more than 60 countries.
Essity AB is a Swedish hygiene and health company, with its headquarters in Stockholm, Sweden. The products portfolio contains one-use products such as tissue paper, baby diapers, feminine care, incontinence products, compression therapy, orthopedics and wound care. Essity was a part of the hygiene and forest products company SCA until 2017, when the company spun off the hygiene operations that became listed as a separate company on Nasdaq Stockholm.