History Electrolux

1 history

1.1 sales company major manufacturer
1.2 mergers , acquisitions

1.2.1 hans werthen
1.2.2 restructuring


1.3 public company
1.4 2000 present

history

the autoluxlamp, kerosene lamp manufactured lux , used in railway stations around world in 20th century.

the company originates merger of 2 companies—lux ab , svenska elektron ab, former established manufacturer , latter younger company founded former vacuum salesman had been employee of former firm. origins of electrolux closely tied vacuum, today makes major appliances.

sales company major manufacturer

in 1919, svenska elektron ab acquisition, elektromekaniska ab, became elektrolux (the spelling changed electrolux in 1957). sold lux branded vacuum cleaners in several european countries.

in 1923, company acquired ab arctic , subsequently added absorption refrigerators product line. other appliances followed, including washing machines in 1951, dishwashers in 1959, , food service equipment in 1962.

mergers , acquisitions

the company has , regularly expanded through mergers , acquisitions.

while electrolux had bought several companies before 1960s, decade saw beginnings of new wave of m&a activity. company bought elektrohelios, norwegian elektra, danish atlas, finnish slev, , flymo, et al., in 9 years 1960 1969. style of growth continued through 1990s, seeing electrolux purchase scores of companies including, time, husqvarna.

hans werthen

hans werthen, president , later chairman of board, led strategic core of increasingly decentralized electrolux—and instrumental rapid growth.

restructuring

while attempts cut costs, centralise administration, , wring out economies of scale electrolux s operations made in 1960s , 1970s focus firmly on growth, further company-wide restructuring efforts began in late 1990s.

a public company

vacuum cleaner designed lurelle guild ca. 1937 brooklyn museum

electrolux made initial public offering on london stock exchange in 1928 (it delisted in 2010) , on stockholm stock exchange in 1930.

currently, shares trade on nasdaq omx nordic market , over-the-counter. electrolux omx nordic 40 constituent stock.

2000 present

in north america, electrolux name long used vacuum cleaner manufacturer aerus llc, established sell swedish electrolux products. in 2000, aerus transferred trademark rights electrolux group, , ceased using electrolux name in 2004.

conversely, electrolux-made vacuums carried eureka brand name, electrolux continued use while selling electrolux branded vacuums after 2000. electrolux usa customer service maintains database of electrolux made vacuums , provides link aerus s website convenience of owners of electrolux branded aerus vacuums.

keith mcloughlin took on president , ceo on january 1, 2011, , became company s first non swedish chief executive.

in august 2011, electrolux acquired sigdo koppers chilean appliance manufacturer cti obtaining several brands purchase including: fensa, gafa, mademsa , somela. on february 6, 2017, electrolux announced had agreed acquire anova applied electronics, inc., u.s. based provider of anova precision cooker.