M&A Deal Summary

Stiebel Eltron & Co. KG Acquires Electrolux Haustechnik

On October 31, 2001, Stiebel Eltron & Co. KG acquired electrical equipment company Electrolux Haustechnik from Electrolux Group

Acquisition Highlights
  • This is Stiebel Eltron & Co. KG’s 1st transaction in the Electrical Equipment sector.
  • This is Stiebel Eltron & Co. KG’s 1st transaction in Germany.

M&A Deal Summary

Date 2001-10-31
Target Electrolux Haustechnik
Sector Electrical Equipment
Buyer(s) Stiebel Eltron & Co. KG
Sellers(s) Electrolux Group
Deal Type Divestiture

Target

Electrolux Haustechnik

Germany
Electrolux Haustechnik GmbH is a manufacturer of products for water and room heating under the brand names AEG and Zanker.

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Buyer(S) 1

Buyer

Stiebel Eltron & Co. KG

Holzminden, Germany

Category Company
Founded 2007
Sector Electrical Equipment
DESCRIPTION

Stiebel Eltron GmbH & Co. KG is a manufacture of powered appliancessuch as refrigerators, washing machines, cookers, and garden tractors.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2001 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 4 of 9
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 4 of 7
Country: Germany M&A 2 of 2
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-29 Cushion Cut

Torrance, California, United States

Cushion Cut is a manufacturer and distributor of diamond tools and equipment for the construction industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-08 Diamant Boart

Olathe, Kansas, United States

Diamant Boart, Inc. is a manufacturer and distributor of diamond tools and related equipment for the construction and stone industry.

Buy kr1.7B