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  5. Electrolux Group Acquires Vintec

M&A Deal Summary

Electrolux Group Acquires Vintec

On June 28, 2016, Electrolux Group acquired electrical equipment company Vintec

Acquisition Highlights
  • This is Electrolux Group’s 2nd transaction in the Electrical Equipment sector.
  • This is Electrolux Group’s 3rd transaction in Australia.

M&A Deal Summary
Date 2016-06-28
Target Vintec
Sector Electrical Equipment
Buyer(s) Electrolux Group
Deal Type Add-on Acquisition

Target

Vintec

Leichhardt, Australia
Vintec is a provider of freestanding and integrated models ranging from compact 30-bottle cabinets – suiting most domestic kitchens – to 4,000-bottle walk-in wine cellars. Vintec sells products under the market leading brands Vintec and Transtherm for both residential and professional customers.

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Buyer(S) 1

Buyer

Electrolux Group

Stockholm, Sweden
Category Company
Founded 1901
Sector Consumer Products
Employees41,000
Revenue 136.2B SEK (2024)
DESCRIPTION
Electrolux plant in St. Cloud, Minnesota.
Electrolux plant in St. Cloud, Minnesota.

Electrolux Group is a multinational manufacturer of household and professional appliances. Electrolux Group was founded in 1901 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 11 of 18
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 14
Country: Australia M&A 3 of 3
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Shanghai Veetsan Commercial Machinery Co.

Shanghai, China

Shanghai Veetsan Commercial Machinery Co. Ltd. is a manufacturer of professional dishwashers in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Kwikot

Benoni, South Africa

Kwikot Ltd. is a manufacturer of electric water heaters. Kwikot Ltd. was established in 1903 and is headquartered in Benoni, South Africa.

Buy R3.2B
Mergr

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