Electrolux in talks to buy GE Appliances

15 Aug, 14

Electrolux Group looks to GE acqusition

AB Electrolux, parent company of brands such as Electrolux, AEG and Zanussi, has confirmed it is in discussions regarding the acquisition of GE Appliances.

Last year, US company General Electronics (GE) recorded consolidated revenues of $146billion, with the GE Appliances & Lighting business recording revenues of $8.338billion, a 5% increase. 

Electrolux global sales have dipped by 4.9%, but Europe has shown a 1% increase year-on-year.

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In a statement, AB Electrolux said: “No agreement has been reached, and there can be no assurances that an agreement will be reached.”