Electrolux Professional

This article is about the professional appliance manufacturer. For the home appliance manufacturer, see Electrolux.

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.

Electrolux Professional AB

Company type	Publicly traded aktiebolag
Traded as	Nasdaq Stockholm: EPRO B
ISIN	SE0013747870 [1]
Industry	Electronics
Founded	1962; 63 years ago (1962)
Headquarters	Stockholm, Sweden
Area served	Worldwide
Key people	Kai Wärn (Chairman) Alberto Zanata (President and CEO)
Products	Major appliances Small appliances
Brands	Electrolux Professional Zanussi Professional Molteni Dito Sama Alpeninox Kelvinator Professional Grindmaster Unic Veetsan SPM Crathco
Operating income	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

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. "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.

External links

• Official website