Electrolux has completed the Memphis factory divestment
January 03, 2024
Electrolux Group says it has officially divested its factory in Memphis, Tennessee, USA, for a cash consideration of USD 35 million.
Electrolux has found a buyer for its Memphis factory
September 21, 2023
Electrolux Group has agreed to divest its manufacturing facility in Memphis, Tennessee, USA to a US-based investment company for a cash consideration of USD 61 million
Qvantum acquires manufacturing facility from Electrolux
September 18, 2023
Fast-growing heat pump systems and technology company Qvantum has made its third strategic acquisition. The company has acquired a refrigerator manufacturing facility in Nyíregyháza, Hungary from Electrolux Group.
Electrolux Group divests factory in Hungary
September 18, 2023
Electrolux Group has divested its manufacturing facility in Nyíregyháza, Hungary to Swedish heat pump manufacturer Qvantum for a cash consideration of EUR 38 million (approximately SEK 455 million).
Einride secures $500 million in financing
December 14, 2022
Swedish freight mobility technology company Einride says it has secured USD 500 million in financing, including both a Series C equity raise and a debt facility.
Electrolux looks to cut costs – thousands of jobs at risk
October 31, 2022
A weak quarter and a weaker market has caused Swedish appliance manufacturer Electrolux to launch a cost reduction and turnaround program.
Electrolux to divest Memphis factory
October 13, 2022
Swedish whitegoods company Electrolux says that it will divest its manufacturing facility in Memphis, Tennessee, USA – including certain equipment, for a cash consideration of USD 82.5 million.
Electrolux plans to exit Russia
September 05, 2022
The appliance company paused its operations in Russia when the war in Ukraine started. Electrolux has now decided to exit Russia and divest the business to local management through a sale of its Russian subsidiary.
Electrolux adapts manufacturing to offset difficulties with supply
March 20, 2020
Electrolux believes there is a considerable risk of a material financial impact during the first half of 2020.
Electrolux to streamline and invest in manufacturing in Hungary
September 10, 2019
Following a strategic overview started earlier this year, Electrolux has decided to initiate a plan to improve efficiency throughout the Group.
Electrolux to invest €130 million in Italian refrigeration facility
July 03, 2019
The Electrolux Group says that it will invest approximately EUR 130 million in automation, digitalisation and innovation at its manufacturing facility in Susegana, Italy.
Electrolux reinitiates US manufacturing investment
February 01, 2019
The Electrolux Group says it is reinitiating an investment in Springfield, Tennessee, and consolidating all U.S. cooking manufacturing into that facility. Electrolux also said it will transfer refrigeration manufacturing from its Santiago, Chile facility to other locations.
Electrolux comments on impact from development in Sears
October 15, 2018
The Swedish white goods manufacturer has commented the announcement that one of its major US customers, Sears Holdings Corporation, has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.
Husqvarna Group appoints new CFO
August 24, 2018
Glen Instone, has been appointed Senior Vice President and Chief Financial Officer of Husqvarna Group.
Electrolux divests BEAM and Sanitaire in North America
August 09, 2018
Electrolux announced today it has divested its U.S.-based commercial and central vacuum cleaner businesses in North America, including the brands Sanitaire and BEAM.
Electrolux launches its first open innovation factory
April 11, 2018
The new collaborative space will serve as the company’s hub for innovation with external partners.
Antitrust allegations hit Electrolux
February 07, 2018
The French Competition Authority alleges that Electrolux and other appliance manufacturers have acted in breach of antitrust rules in France during the period September 2006 to April 2009.
Electrolux invests $500 million in US manufacturing operations
January 31, 2018
The Swedish home appliance manufacturer says it’s planning to invest approximately USD 500 million in its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America.
Electrolux 'tariff rate of 72% means USD 70 million'
November 02, 2017
Electrolux Major Appliances North America has been informed by the U.S. Department of Commerce (DOC) that a preliminary and significantly increased tariff rate of 72.41 percent on washing machines manufactured in Mexico and imported into the U.S. between February 2016 and January 2017 was set.
Electrolux to acquire smart kitchen appliance company Anova
February 07, 2017
Electrolux has agreed to acquire Anova, a US based company and the provider of Anova Precision Cooker, a connected device for sous vide cooking.
Electrolux to divest Eureka brand - focus on stronger small appliances categories
December 05, 2016
The Electrolux Group has made a decision to focus its North American Small Appliances business on its strongest categories – and with that decided to divest its North American vacuum cleaner brand Eureka to Midea Group Co., Ltd.
Electrolux gets a new CEO
January 11, 2016
Keith McLoughlin will retire from Electrolux and will be succeeded by Jonas Samuelson as President and CEO.
Layoffs await at Electrolux following termination of GE deal
December 09, 2015
Electrolux has initiated measures to structurally reduce costs within its Small Appliances business.
Electrolux / GE deal fell through
December 07, 2015
General Electric (“GE”) has notified Electrolux that it has terminated the agreement under which Electrolux would have acquired the appliance business of GE. The termination is effective as of December 7, 2015. Therefore, the transaction will not be completed.
Electrolux comments on speculations on settlement
November 23, 2015
Electrolux proposed acquisition of the appliances business of General Electric has hit a few bumps on the road – the most recent came when the US Department of Justice filed a complaint in Federal court seeking to stop the acquisition.
Troubles on the horizon for the Electrolux / GE deal
November 02, 2015
It was back in 2014 that Electrolux announced its plans to acquire General Electrics' appliance unit. However, problems have arisen.
Electrolux opens cooker factory in Egypt
September 02, 2015
The new Electrolux cooker factory in Egypt has been officially opened, producing a new range of freestanding cookers that are designed to give Electrolux a competitive edge in the local and regional markets.
GE-Electrolux deal questioned by antitrust
July 02, 2015
The U.S. Department of Justice (DOJ) will seek to stop Electrolux proposed acquisition of the appliances business of General Electric (GE Appliances).
Electrolux moves production from Sweden to Hungary
June 25, 2015
White goods manufacturer Electrolux has decided to move production from Sweden to Hungary. 250 staff will be affected by the decision.
Electrolux: 'No, we do not need a new CEO.'
June 25, 2015
After several Swedish media reported that white goods manufacturer is looking for a new CEO, Electrolux denied the rumours and issued the following statement.
Electrolux acquires dishwasher manufacturer in China
February 05, 2015
Electrolux has entered into an agreement to acquire Shanghai Veetsan Commercial Machinery, a manufacturer of professional dishwashers in China, as part of its strategy to further accelerate growth in the professional segment.
EU approves Whirlpool's acquisition of Indesit
October 14, 2014
The European Commission has cleared the proposed acquisition of the Italian major domestic appliances manufacturer Indesit Company S.p.A. by its US rival Whirlpool Corporation.
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