M&A Deal Summary

Lavatec Laundry Technology Acquires Washex/Challenge

On September 14, 2000, Lavatec Laundry Technology acquired business services company Washex/Challenge from Electrolux Group

Acquisition Highlights
  • This is Lavatec Laundry Technology’s 1st transaction in the Business Services sector.
  • This is Lavatec Laundry Technology’s 1st transaction in Germany.

M&A Deal Summary

Date 2000-09-14
Target Washex/Challenge
Sector Business Services
Buyer(s) Lavatec Laundry Technology
Sellers(s) Electrolux Group
Deal Type Divestiture

Target

Washex/Challenge

Germany
Washex/Challenge heavy-duty laundry business is part of our strategy to concentrate on our core businesses."

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Buyer(S) 1

Buyer

Lavatec Laundry Technology

Heilbronn, Germany

Category Company
Sector Manufacturing
DESCRIPTION

Lavatec Laundry Technology GmbH represents a new perspective in economy, efficiency and cleanliness.provide fully automated laundry solutions. Customers from the largest commercial and industrial laundries, as well as from hotels and hospitals, depend on our product technology for the safe and economic processing of its work.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2000 M&A 1 of 1

Seller(S) 1

SELLER

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 3 of 9
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 7
Country: Germany M&A 1 of 2
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-04 Seitz Polyurethan-Technik

Krautheim, Germany

Seitz Polyurethan-Technik GmbH is a caravan and mobile home producer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-20 Email Pty - Household Appliances

Waterloo, Australia

Email Pty Ltd. - Household Appliances is a manufacturer, distributor and marketer of white-goods in Australia and New Zealand (such as refrigerators, freezers, cookers, washing machines, dryers, dishwashers), the manufacture of white-goods components, as well as import and export of white-goods into and from Australia.

Buy AU$485M