M&A Deal Summary

Electrolux Group Acquires Shanghai Veetsan Commercial Machinery Co.

On February 5, 2015, Electrolux Group acquired consumer products company Shanghai Veetsan Commercial Machinery Co.

Acquisition Highlights
  • This is Electrolux Group’s 3rd transaction in the Consumer Products sector.
  • This is Electrolux Group’s 1st transaction in China.

M&A Deal Summary

Date 2015-02-05
Target Shanghai Veetsan Commercial Machinery Co.
Sector Consumer Products
Buyer(s) Electrolux Group
Deal Type Add-on Acquisition

Target

Shanghai Veetsan Commercial Machinery Co.

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

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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 10 of 18
Sector: Consumer Products M&A 3 of 5
Type: Add-on Acquisition M&A Deals 7 of 14
Country: China M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 BeefEater Barbecues

Australia

BeefEater is a manufacturer of portable and compact barbecue products.

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FOLLOWING 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.

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