'Biggest' deal for Sweden's Electrolux
AFP · 8 Sep 2014, 11:52
Published: 08 Sep 2014 08:52 GMT+02:00
Updated: 08 Sep 2014 11:52 GMT+02:00
- Electrolux blames World Cup for sales dip (19 Jul 14)
- Electrolux first-quarter profits beat predictions (25 Apr 14)
- Electrolux to slash 2,000 jobs as profits sink (25 Oct 13)
Electrolux, which sells brands including Frigidaire, AEG and Zanussi as well as its own name, is already the world's second-largest home appliance maker after Whirlpool.
It announced on Monday that it was buying the appliance arm of General Electric.
"GE's premium, high-quality appliances complement our own iconic brands and will enhance our presence in North America," he added.
GE Appliances has about 12,000 employees and its products include refrigerators, washers and dryers.