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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]
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 .
New White-branded sewing machines models have not been manufactured since the Husqvarna spinoff in 2006. Singer, Husqvarna Viking and Pfaff brands are now all owned by SVP Worldwide. Though not advertised, SVP provides all of their user manuals for all of their brands including the "White" brand through the Singer brand website. [6]
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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 ...