M&A Deal Summary

Electrolux Group Acquires Kwikot

On November 10, 2016, Electrolux Group acquired manufacturer Kwikot for 3.2B ZAR

Acquisition Highlights
  • This is Electrolux Group’s 1st transaction in the Manufacturing sector.
  • This is Electrolux Group’s 2nd largest (disclosed) transaction.
  • This is Electrolux Group’s 1st transaction in South Africa.

M&A Deal Summary

Date 2016-11-10
Target Kwikot
Sector Manufacturing
Buyer(s) Electrolux Group
Deal Type Add-on Acquisition
Deal Value 3.2B ZAR

Target

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.

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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 12 of 18
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 14
Country: South Africa M&A 1 of 1
Year: 2016 M&A 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 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.

Buy $115M