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Electrolux Professional Group has today acquired Adventys - a French manufacturer of induction cooking solutions.
"Induction cooking significantly reduces CO2 emissions compared to other technologies such as gas since it only uses energy when the surface is activated, which makes it the technology for the future of sustainable cooking. With the acquisition of Adventys we will be able to gain access to the development of our own induction technology while we at the same time are maintaining and strengthening our leadership in horizontal cooking," says Alberto Zanata, President and CEO of Electrolux Professional Group.
Adventys, founded in 1999, designs and produces induction cooking equipment, and has approximately 40 employees, whereof several in R&D, and is based with one factory in Seurre, France. The company had global sales of approximately SEK 70m in 2023, and an EBITA margin that is accretive to the EBITA-margin target of 15% of Electrolux Professional Group.
Electrolux Professional acquires Adventys from P3F Sarl (owned by the CEO of Adventys), and other investors for approximately SEK 260m (EUR 22.1m).
For more information, please contact Jacob Broberg, Chief Communication & Investor Relations Officer +46 70 190 00 33