Acquisitions and divestments

Press releases regarding important acquisitions and divestments made by Electrolux since 1999.

Acquisitions and divestments

The U.S. Department of Justice ("DOJ") has announced that it will seek to stop Electrolux proposed acquisition of the appliances business of General Electric (“GE Appliances”).

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Electrolux today announced it has entered into an agreement to acquire Shanghai Veetsan Commercial Machinery Co. Ltd.,, one of the largest manufacturers of professional dishwashers in China, as part of its strategy to further...

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Electrolux has agreed to acquire the Australian-based international barbecue business BeefEater, as part of the local strategy to boost the niche range of barbecues and help accelerate the growth of this market segment.

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8 September, 2014

Electrolux to acquire GE Appliances

8 September, 2014

AB Electrolux today announced it has entered into an agreement to acquire the appliances business of General Electric (“GE Appliances”), one of the premier manufacturers of kitchen and laundry products in the United States,...

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Electrolux has completed the Mandatory Tender Offer that was launched in conjunction with the acquisition of Egypt’s leading appliance manufacturer, Olympic Group, and now owns 98.33% of the company’s shares.

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As a part of its strategy to grow in emerging markets, Electrolux will acquire Sigdo Koppers’ controlling stake in Compañia Tecno Industrial S.A (CTI). The acquisition makes Electrolux the largest supplier of appliances in...

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Electrolux today signed a purchase agreement with Paradise Capital to acquire its 52% controlling interest in the leading Egyptian major appliances manufacturer, Olympic Group Financial Investment Company S.A.E (Olympic Group). Electrolux intends to acquire...

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As part of its strategy to grow in emerging markets, Electrolux today signed a preliminary agreement with Paradise Capital to acquire 52% of Olympic Group for Financial Investments S.A.E. Olympic Group is the largest...

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Electrolux has signed an agreement to expand its operations in the growing emerging markets in Eastern Europe through an acquisition of a factory in Ivano-Frankivsk, Ukraine.

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On April 24, 2006, the Electrolux AGM decided to distribute all shares in Husqvarna AB to Electrolux shareholders in accordance with a prospect published on April 6, 2006.

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Electrolux has today signed an agreement for divestment of its Indian appliance operation, including all three production facilities to Videocon, one of India’s largest industrial groups.

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Electrolux has signed an agreement to sell its shares in the Danish company Vestfrost A/S to the Esbjerg Group in Denmark. The Esbjerg Group will thereby increase its shareholding in Vestfrost from 50% to 100%.

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(ELUX) Electrolux has signed an agreement for divestment of its compressor operation, to SOLE SpA, a company controlled by Dresdner Kleinwort Capital.

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Electrolux's acquisition of Diamant Boart has now been finalized.

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Electrolux has signed an agreement for divestment of Zanussi Metallurgica, its Italian metallurgical plant to ZML Industries, a company controlled by Vestar Capital Partners, a leading US private equity investment firm.

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Electrolux has signed an agreement to acquire Diamant Boart International S.A., a world-leading manufacturer and distributor of diamond tools and related equipment for the construction and stone market. The seller is Candover, a UK-based...

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Electrolux has signed an agreement for divestment of its motor operations, to ACC SpA (Appliance Components Companies). ACC SpA is controlled by a close-end fund managed by Dresdner Kleinwort Capital. Co-investors are also Centrobanca...

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Electrolux has signed an agreement for divestment of its Mexican compressor plant, Kelvinator de Mexico, to a group of Mexican financial investors, including the present company manager.

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(ELUX) The divestment of the remaining part of the leisure-appliances product line, which was announced January 14, to EQT Northern Europe, a Northern European private equity firm, is now finalized.

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(ELUX) Electrolux has signed an agreement for divestment of its European home comfort operation, including Electrolux Haustechnik GmbH, Nürnberg, to Stiebel Eltron GmbH & Co. KG, Germany.

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The divestment of the major part of the leisure-appliances product line to EQT Northern Europe, a Northern European private equity firm, has been finalized.

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The Electrolux Corporate Reporting has signed an agreement to acquire the Major Appliances Business of Email Ltd, which is Australia's leading producer of major appliances with a 60% market share in Australia.

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(ELUX) Dimas, a part of the Electrolux Corporate Reporting, has agreed to acquire Cushion Cut from Boart Longyear Company. Cushion Cut is an American manufacturer and distributor of diamond tools and equipment for the...

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(ELUX) The Electrolux Corporate Reporting has signed a Heads of Agreement with Email Ltd. to acquire the Major Appliances Business of Email Ltd., Australia's leading producer of household appliances.

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Dimas, a part of the Electrolux Corporate Reporting, has acquired Magnum Diamond & Machinery Inc. Magnum is a respected American manufacturer and distributor of road-saws and diamond tools for the construction market.

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