M&A Deal Summary

Electrolux Group Acquires Anova Applied Electronics

On February 6, 2017, Electrolux Group acquired consumer products company Anova Applied Electronics for 115M USD

Acquisition Highlights
  • This is Electrolux Group’s 4th transaction in the Consumer Products sector.
  • This is Electrolux Group’s 4th largest (disclosed) transaction.
  • This is Electrolux Group’s 4th transaction in the United States.
  • This is Electrolux Group’s 2nd transaction in California.

M&A Deal Summary
Date 2017-02-06
Target Anova Applied Electronics
Sector Consumer Products
Buyer(s) Electrolux Group
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Anova Applied Electronics

San Francisco, California, United States
Anova Culinary, Inc. is a designer, developer and distributor of mobile application integrated sous vide device for kitchen appliances.

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Buyer(S) 1

Buyer

Electrolux Group

Stockholm, Sweden
Category Company
Founded 1901
Sector Consumer Products
Employees45,000
Revenue 134.5B SEK (2023)
DESCRIPTION
Electrolux plant in St. Cloud, Minnesota.
Electrolux plant in St. Cloud, Minnesota.

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

DEAL STATS #
Overall 13 of 18
Sector (Consumer Products) 4 of 5
Type (Add-on Acquisition) 10 of 14
State (California) 2 of 2
Country (United States) 4 of 6
Year (2017) 1 of 3
Size (of disclosed) 4 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Buy $108M
Mergr

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