Electrolux News

Current announces the appointment of Shannon Thomas as the new Vice President of Marketing. She brings a wealth of expertise and a visionary approach to help drive the company's strategic growth. "With a strong background in product commercialization and a perspective that sets her apart in the lighting industry, Shannon brings unique talent to the table," said Current Chief Commercial Officer, Chip Taylor, adding "Her experience leading and building marketing teams will play a vital role in sh...

The Swedish heat pump company - Qvantum has recently acquired Electrolux Group's state-of-the-art manufacturing facility in Nyíregyháza, Hungary.  The appliance industry has long been recognized as a benchmark in terms of Operational Excellence and represents a model for the heat pump industry. Through the acquisition, Qvantum has access to superior mass production technology and know-how to accelerate its growth journey. Federico Rosales As of March 6th, Federico Rosales w...

At a ceremony at the London Hilton Metropole for the H&V News Awards, Qvantum was presented with the award for Domestic Heating Product of the Year – Boilers, Heat Pumps, and Emitters, overcoming significant competition from other products by Tesla, NIBE Energy Systems, Daikin, Navien and others.   H&V News Awards For nearly 30 years, the H&V News Awards has been recognizing and celebrating the most innovative and customer-focused products of the year, gaining a reputati...

The fast-growing heat pump systems and technology company Qvantum announces its third strategic acquisition: Electrolux Group’s high-tech refrigerator manufacturing facility in Nyíregyháza, Hungary, at a transaction value of EUR 38 million. state-of-the-art factory site With the acquisition of the land, building, and certain production equipment, Qvantum assumes ownership not only of a state-of-the-art factory site but also of cutting-edge production equipment, which will e...

Global appliance company Electrolux Group, under its premium brand AEG is showcasing, for the first time, its most resource-efficient models at IFA 2023: the AEG EcoLine. AEG EcoLine AEG EcoLine is a dedicated selection, presented in-store and online, of the company’s most resource-efficient appliances covering all major product categories and aimed at helping consumers reduce climate impact while providing high-quality performance.  The sustainable selection of appliances...

Electrolux Group is three years ahead of plan. In 2018, the company was among the first 100 companies to set its global science-based climate target and is now one of the first to meet it. This is just one of the highlights from the Electrolux Group Sustainability Report 2022. Electrolux Group has reduced its absolute scope 1 and 2 greenhouse gas emissions (direct and indirect in operations) by 82%, compared to 2015 – going beyond its 2025 target of 80%. Electrolux Group Sustainability R...

Electrolux has agreed to divest its manufacturing facility in Memphis, Tennessee, USA, including certain equipment, for a cash consideration of USD 82.5m (approx. SEK 930m). Completion of the transaction is contingent on various factors. The agreed purchase price is USD 82.5m (approx. SEK 930m). The approximate gain of USD 65.8m (approx. SEK 740m) will be recorded as a non-recurring item, positively impacting the operating income in the business area of North America, in connection with the clo...

Electrolux announces a plan to replace all high-impact greenhouse gases in all of its appliances by 2023 at the latest, as part of its commitments to the United Nations global Cool Coalition initiative. The plan, which helps Electrolux deliver on its objective to significantly reduce its climate footprint over the coming decades, is one of the actions taken under the company's Better Living Program. As global temperatures rise, the transformation of cooling technology will make a big contributi...