Electrolux Professional

Last updated
Electrolux Professional AB
Company type Publicly traded aktiebolag
Nasdaq Stockholm:  EPRO B
ISIN SE0013747870 [1]
Industry Electronics
Founded1962;62 years ago (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.electroluxprofessional.com

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.

Contents

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.

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References

  1. "EPRO B, Electrolux Professional B, (SE0013747870) - Nasdaq". www.nasdaqomxnordic.com.
  2. 1 2 3 4 "Annual Report 2020" (PDF). Electrolux Professional AB.
  3. "Employee 2022". Electrolux Professional AB.
  4. "Electrolux to Acquire German Company in Professional Laundry". January 22, 2018. Retrieved December 6, 2021.
  5. "SPM proudly becoming part of Electrolux Professional". October 2, 2018. Retrieved December 6, 2021.
  6. "Electrolux strengthens its professional beverage offering by acquiring UNIC in France". April 25, 2019. Retrieved December 6, 2021.
  7. "Nasdaq Stockholm welcomes Electrolux Professional to the Main Market". 2020-03-23. Retrieved 2021-12-05.
  8. "Electrolux Professional AB (publ) listed for trading at Nasdaq Stockholm". March 23, 2020. Retrieved December 6, 2021.
  9. "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.
  10. "Electrolux Professional has completed the acquisition of Unified Brands". December 1, 2021. Retrieved December 6, 2021.