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SVP was formed when Kohlberg & Company, an American private equity firm that owned the Swedish VSM Group (owner of the Husqvarna Viking and Pfaff sewing machine brands), combined VSM with Singer, [5] which it acquired in 2004 for $134 million. [6] The company was founded in 2006 [2] and was formerly headquartered in Hamilton, Bermuda. [7]
SVP Worldwide (Singer Viking PFAFF) – global company with these brands: Singer Corporation – American manufacturer of sewing machines, first established as I. M. Singer & Co. in 1851 by Isaac Merritt Singer with New York lawyer Edward Clark. VSM Group – (Viking Sewing Machines), formerly named Husqvarna Sewing Machines; PFAFF Household
VSM Group AB (Viking Sewing Machines), previously named Husqvarna Sewing Machines is a company based in Huskvarna, Sweden. Founded in 1872, the company is best known for "smart" (computerized) sewing machines and sergers under the brands Husqvarna Viking and Pfaff .
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In 2006, the American equity firm Kohlberg & Company, owner of Singer, acquired Swedish VSM Group, owner of Husqvarna Viking and PFAFF, thereby creating SVP Worldwide. [ 6 ] In March 2013, the German holding company of SGSB Group Co. Ltd., ShangGong (Europe) Holding Corp. GmbH, took over 100% of the shares of PFAFF Industriesysteme und ...
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