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From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [12] On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal ...
Electrolux products are sold under a variety of brand names (including its own), and are primarily major appliances and vacuum cleaners intended for home consumer use. [6] Electrolux has a primary listing on the Stockholm Stock Exchange and is a constituent of the OMX Stockholm 30 index.
In 2006, Sanyo introduced the "world-first" (as of February 2, 2006, with regards to home use drum-type washer/dryer) drum-type washing machine with "Air Wash" function (i.e.: using ozone as a disinfectant). It also reused and disinfected rinse water. [93] This washing machine uses only 50 L (11.0 imp gal; 13.2 US gal) of water in the recycle mode.
Electrolux Professional AB is a Swedish multinational professional appliance manufacturing company, headquartered in Stockholm. Originally formed as a division and later subsidiary of Electrolux, it was spun-off in March 2020. It produces a variety of products intended for professional consumers, while Electrolux remains more focused toward ...
Phoenix Investors has acquired the former 785,000-square-foot Electrolux facility at 3231 Paul R. Lowry Road, near President's Island in South Memphis. Electrolux Group announced the sale of the ...
In the 1990s, the appliance industry was very consolidated, with over 90% of the products being sold by just five companies. For example, in 1991, dishwasher manufacturing market share was split between General Electric with 40% market share, Whirlpool with 31%, Electrolux with 20%, Maytag with 7% and Thermador with just 2%. [8]
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