Electrolux Professional: agreement to acquire Schneidereit

Electrolux announced an agreement to acquire Schneidereit GmbH, a supplier of laundry rental solutions for professional customers in Germany and Austria. The company net sales in 2016 amounted to around 18 million euro and it has approximately 110 employees throughout Germany.The acquisition enables Electrolux to develop its offering within the professional laundry business and supports the long-term profitable growth in Europe.
«Schneidereit adds a complementary business model to the Electrolux Professional offer, enabling us to help provide great experiences to an even wider customer base – said Alberto Zanata, Head of Electrolux Professional. – We’re excited about the opportunity to leverage Schneidereit’s competence in developing the way we do business, exploring functional sales which is an interesting growth area in our industry.»
The acquisition is expected to be completed during the first quarter of 2018 and is subject to regulatory approvals.

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