Electrolux Professional

This article is about the professional appliance manufacturer. For the home appliance manufacturer, see Electrolux.
Electrolux Professional AB
Company typePublicly traded aktiebolag
Nasdaq Stockholm: EPRO B
ISINSE0013747870 [1]
IndustryElectronics
Founded1962; 63 years ago (1962)
HeadquartersStockholm, Sweden
Area served
Worldwide
Key people
Kai Wärn (Chairman) Alberto Zanata (President and CEO)
Products
Brands
592 million kr (2021)[2]
Total assets10,609 billion kr (2021)[2]
Total equity3,525 billion kr (2021)[2]
OwnerInvestor AB (20.5%; 32.4% votes)[2]
Number of employees
4,022 (2022)[3]
Websitewww.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.

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

  1. ^ "EPRO B, Electrolux Professional B, (SE0013747870) - Nasdaq". www.nasdaqomxnordic.com.
  2. ^ a b c d "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.

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