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26-544: 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. Electrolux has a primary listing on the Stockholm Stock Exchange and is a constituent of the OMX Stockholm 30 index. The company originates from a merger of two companies—Lux AB and Svenska Elektron AB, the former an established manufacturer and

52-446: A low-energy mode after a certain time. Many countries identify energy-efficient appliances using energy input labeling . The impact of energy efficiency on peak demand depends on when the appliance is used. For example, an air conditioner uses more energy during the afternoon when it is hot. Therefore, an energy-efficient air conditioner will have a larger impact on peak demand than off-peak demand. An energy-efficient dishwasher, on

78-453: A new environment. Spin-offs also allow high-growth divisions, once separated from other low-growth divisions, to command higher valuation multiples. In most cases, the parent company or organization offers support doing one or more of the following: All the support from the parent company is provided with the explicit purpose of helping the spin-off grow. The United States Securities and Exchange Commission 's (SEC) definition of "spin-off"

104-425: A single country or geographic area. The following is an incomplete list. Note: This list does not include brands such as Kenmore , IKEA and John Lewis , which may sell Electrolux produced appliances but are not owned by or affiliated with Electrolux, as Electrolux acts as an OEM for these brands. The company's international slogan is "Shape living for the better". In the past it was "Thinking of you". In

130-457: Is more precise. Spin-offs occur when the equity owners of the parent company receive equity stakes in the newly spun off company. For example, when Agilent Technologies was spun off from Hewlett-Packard (HP) in 1999, the stockholders of HP received Agilent stock. A company not considered a spin-off in the SEC's definition (but considered by the SEC as a technology transfer or licensing of technology to

156-432: Is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property , technology , or existing products that are taken from the parent company . Shareholders of the parent company receive equivalent shares in

182-580: The spin-off of its professional division, which the separated company incorporated as Electrolux Professional AB. In September 2023, it was announced Electrolux has sold its refrigerator manufacturing facility in Nyíregyháza to the Malmö -headquartered heat pump systems and technology company, Qvantum for €38 million. Electrolux sells under a wide variety of brand names worldwide. Most of them were acquired through mergers and acquisitions and only do business in

208-617: The 1960s the company successfully marketed vacuums in the United Kingdom with the slogan "Nothing sucks like an Electrolux". In the United States, it was frequently assumed that using this slogan was a brand blunder . In fact, the informal American meaning of the word sucks was already well known at the time in the United Kingdom, and the company hoped the slogan, with its possible double entendre , would gain attention. In Indonesia,

234-456: The 1960s, that decade saw the beginnings of a new wave of M&A activity. The company bought ElektroHelios, Norwegian Elektra, Danish Atlas, Finnish Slev, and Flymo, et al., in the nine years from 1960 to 1969. It sold its American subsidiary to Consolidated Foods and exited the American market in 1968, only returning in 1974 when Electrolux acquired Eureka-Williams from National Union , one of

260-658: The Electrolux Group, and ceased using the Electrolux name in 2004. Conversely, Electrolux-made vacuums carried the Eureka brand name , which Electrolux continued to use while also selling Electrolux branded vacuums after 2000. Electrolux USA customer service maintains a database of Electrolux made vacuums and provides a link to Aerus's website for the convenience of owners of Electrolux branded Aerus vacuums. Keith McLoughlin took over as president and CEO on January 1, 2011, and became

286-533: The Electrolux previous slogan was " Kalau saja semua seawet Electrolux " (English: If only all are as durable as Electrolux). Major appliance A major appliance , also known as a large domestic appliance or large electric appliance or simply a large appliance , large domestic , or large electric , is a non-portable or semi-portable machine used for routine housekeeping tasks such as cooking , washing laundry , or food preservation . Such appliances are sometimes collectively known as white goods , as

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312-763: The NASDAQ OMX Nordic Market and over-the-counter . Electrolux is an OMX Nordic 40 constituent stock. In 1919, a Svenska Elektron AB acquisition, Elektromekaniska AB, became Elektrolux (the spelling was changed to Electrolux in 1957). It initially sold Lux branded vacuum cleaners in several European countries. In 1923, the company acquired AB Arctic and subsequently added absorption refrigerators to its product line. Other appliances soon followed, including washing machines in 1951, dishwashers in 1959, and food service equipment in 1962. The company has often and regularly expanded through mergers and acquisitions . While Electrolux had bought several companies before

338-468: The US, the corresponding figures would be 17 billion kWh of electricity and 27,000,000,000 lb (1.2 × 10  kg) CO 2 . According to a 2009 study from McKinsey & Company the replacement of old appliances is one of the most efficient global measures to reduce emissions of greenhouse gases. Modern power management systems also reduce energy usage by idle appliances by turning them off or putting them into

364-506: The appliance. This limits where they can be placed in a home. Since major appliances in a home consume a significant amount of energy, they have become the objectives of programs to improve their energy efficiency in many countries. Increasing energy efficiency is often described as an important element of climate change mitigation alongside other improvements like retrofitting buildings to increase building performance . Energy efficiency improvements may require changes in construction of

390-1048: The appliances, or improved control systems. In the early days of electrification , many major consumer appliances were made by the same companies that made the generation and distribution equipment. While some of these brand names persist to the present day, even if only as licensed use of old popular brand names, today many major appliances are manufactured by companies or divisions of companies that specialize in particular appliances. Major appliances may be roughly divided as follows: Modern appliances, such as, freezers , ovens , stoves , dishwashers , clothes washers and dryers, use significantly less energy than older appliances. Current energy-efficient refrigerators, for example, use 40 percent less energy than conventional models did in 2001. Following this, if all households in Europe changed their more than ten-year-old appliances into new ones, 20 billion kWh of electricity would be saved annually, hence reducing CO 2 emissions by almost 18 billion kg. In

416-428: The assets are sold off rather than retained under a renamed corporate entity. Many times, the management team of the new company are from the same parent organization. Often, a spin-off offers the opportunity for a division to be backed by the company but not be affected by the parent company's image or history, giving potential to take existing ideas that had been languishing in an old environment and help them grow in

442-554: The company's first non Swedish chief executive. In August 2011, Electrolux acquired from Sigdo Koppers the Chilean appliance manufacturer CTI obtaining several brands with the purchase including: Fensa, Gafa, Mademsa and Somela. On February 6, 2017, Electrolux announced that it had agreed to acquire Anova Applied Electronics, Inc. , the U.S.-based provider of the Anova Precision Cooker. On March 23, 2020, Electrolux completed

468-479: The latter a younger company founded by a former vacuum salesman who had also been an employee of the former firm. The origins of Electrolux are closely tied to the vacuum, but today it also makes major appliances. Electrolux made an initial public offering on the London Stock Exchange in 1928 (it was delisted in 2010) and another on the Stockholm Stock Exchange in 1930. As of 2010 its shares trade on

494-414: The main reasons for what The Economist has dubbed the 2011 "starburst revival" is that "companies seeking buyers for parts of their business are not getting good offers from other firms, or from private equity". For example, Foster's Group , an Australian beverage company, was prepared to sell its wine business. However, due to the lack of a decent offer, it decided to spin off the wine business, which

520-435: The new company in order to compensate for the loss of equity in the original stocks . However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but

546-478: The new company) may also be called a spin-off in common usage. A second definition of a spin-out is a firm formed when an employee or group of employees leaves an existing entity to form an independent start-up firm. The prior employer can be a firm, a university, or another organization. Spin-outs typically operate at arm's length from the previous organizations and have independent sources of financing, products, services, customers, and other assets. In some cases,

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572-488: The oldest names in the vacuum cleaner industry. Electrolux sold its vacuum cleaners using the Eureka brand name in North America until 2004. This style of growth continued through the 1990s, seeing Electrolux purchase scores of companies including, for a time, Husqvarna . Hans Werthén  [ sv ] , President and later chairman of the board, led the strategic core of an increasingly decentralized Electrolux—and

598-408: The other hand, uses more energy during the late evening when people do their dishes. This appliance may have little to no impact on peak demand. Corporate spin-off A corporate spin-off , also known as a spin-out , or starburst or hive-off , is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first

624-617: The products were traditionally white in colour, although a variety of colours are now available. An appliance is different from a plumbing fixture because it uses electricity or fuel . Major appliances differ from small appliances because they are bigger and not portable. They are often considered fixtures and part of real estate and as such they are often supplied to tenants as part of otherwise unfurnished rental properties. Major appliances may have special electrical connections, connections to gas supplies, or special plumbing and ventilation arrangements that may be permanently connected to

650-407: The spin-out may license technology from the parent or supply the parent with products or services; conversely, they may become competitors. Such spin-outs are important sources of technological diffusion in high-tech industries. Terms such as hive-up, hive down or hive across are sometime used for transferring a business to a parent company, a subsidiary company or a fellow subsidiary. One of

676-513: Was instrumental to its rapid growth. While attempts to cut costs, centralise administration, and wring out economies of scale from Electrolux's operations were made in the 1960s and 1970s with the focus so firmly on growth, further company-wide restructuring efforts only began in the late 1990s. In North America, the Electrolux name was long used by vacuum cleaner manufacturer Aerus LLC , originally established to sell Swedish Electrolux products. In 2000, Aerus transferred trademark rights back to

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