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Electrolux to acquire GE Appliances

2014-09-08 07:57:38| Appliances - Topix.net

AB Electrolux today announced it has entered into an agreement to acquire the appliances business of General Electric , one of the premier manufacturers of kitchen and laundry products in the United States, for a cash consideration of USD 3.3 billion. The acquisition enhances Electrolux's position as a global player in home appliances, offering an unparalleled opportunity to invest in innovation and growth, which will benefit consumers, retailers, employees and shareholders.

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Category:Consumer Goods and Services

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