Electrolux acquires Schneidereit, supplier of laundry rental solutions in Germany and Austria

Electrolux acquires Schneidereit, supplier of laundry rental solutions in Germany and Austria

Electrolux has acquired Schneidereit GmbH, a supplier of laundry rental solutions for professional customers in Germany and Austria, as announced on the 22nd of January. Schneidereit GmbH solutions allow customers a carefree experience by supporting the product throughout its lifetime. This enables customers to run their businesses without worrying about asset ownership or maintenance.

The acquisition enables Electrolux to develop its offering within the professional laundry business and supports the long-term profitable growth in Europe. Net sales for Schneidereit in 2016 amounted to around EUR 18 million (around SEK 175 million) and the company has approximately 110 employees throughout Germany. The acquisition is expected to be completed during the first quarter of 2018 and is subject to regulatory approvals.