M&A Deal Summary

Videocon Acquires Electrolux - Indian Appliance Operations

On July 7, 2005, Videocon acquired electronics company Electrolux - Indian Appliance Operations from Electrolux Group for 600M SEK

Acquisition Highlights
  • This is Videocon’s 1st transaction in the Electronics sector.
  • This is Videocon’s largest (disclosed) transaction.
  • This is Videocon’s 1st transaction in India.

M&A Deal Summary

Date 2005-07-07
Target Electrolux - Indian Appliance Operations
Sector Electronics
Buyer(s) Videocon
Sellers(s) Electrolux Group
Deal Type Divestiture
Deal Value 600M SEK

Target

Electrolux - Indian Appliance Operations

India
Electrolux - Indian Appliance Operations is a producer of powered appliances for kitchen, cleaning and outdoor use.

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Buyer(S) 1

Buyer

Videocon

Aurangabad, India

Category Company
Founded 1986
Sector Electronics
Revenue 9.1B INR (2019)
DESCRIPTION

Videocon is a household and professional appliances manufacturer. Videocon Industries was founded in 1986 and is based in Aurangabad, India.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 7 of 9
Sector (Electronics) 4 of 4
Type (Divestiture) 6 of 7
Country (India) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-05 Vestfrost A/S

Esbjerg, Denmark

Vestfrost A/S is a manufacturer and marketer of refrigerators, upright freezers and chest freezers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Husqvarna

Stockholm, Sweden

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

Sell -