Electrolux Professional AB is a Swedish multinational professional appliance manufacturing company, headquartered in
Stockholm. Originally formed as a division and later subsidiary of
Electrolux
Electrolux AB () is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world's second largest appliance maker by units sold, after Whirlpool.
Electrolux products sell under a variet ...
, it was spun-off in March 2020. It produces a variety of
major and
small appliances 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. In October 2018, Electrolux Professional acquired
SPM, an Italian manufacturer of frozen beverage equipment.
In April 2019, Electrolux Professional acquired Unic, a French manufacturer of the espresso machines.
In March 2020, Electrolux Professional has completed its
spin-off
Spin-off may refer to:
*Spin-off (media), a media work derived from an existing work
*Corporate spin-off, a type of corporate action that forms a new company or entity
* Government spin-off, civilian goods which are the result of military or gove ...
from Electrolux. As a result, Electrolux Professional has been operated as an independent company and listed on
Nasdaq Stockholm under the "EPRO" ticker symbol.
In October 2021, Electrolux Professional announced its intent to acquire Unified Brands from
Dover Corporation for or . The acquisition was closed in December 2021.
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
External links
*
{{Electrolux
Electrolux
Swedish brands
Manufacturing companies based in Stockholm
Electronics companies established in 1962
Swedish companies established in 1962
Multinational companies headquartered in Sweden
Companies related to the Wallenberg family
2020 initial public offerings
Companies listed on Nasdaq Stockholm
Corporate spin-offs
Electronics companies of Sweden