Electrolux has acquired Shanghai Veetsan Commercial Machinery Co. Ltd., one of the largest manufacturers of professional dishwashers in China.
The acquisition further strengthens Electrolux Professional’s position in China and the Asia Pacific region, where the company sees potential for significant growth in the next few years.
“We have exciting times ahead of us to accelerate the growth of the business in China and globally,” says Alberto Zanata, Head of Electrolux Professional.
“We’re happy to be a member of the Electrolux family now and we look forward to grow even stronger together,” says Frankie Shou, Head of Veetsan.
Established in 2003, with steady growth over the past 10 years, Veetsan has annual sales of approximately RMB 90 million (SEK 115 million). The company has about 200 employees.