Electrolux Professional Group to acquire the assets of Royal Range - a US Cooking company

Core Insights - Electrolux Professional Group has agreed to acquire the assets of Royal Range, a US commercial cooking company, which is expected to enhance Electrolux's cooking platform in the US market [1][3] - The acquisition aims to expand Electrolux's product offerings by integrating new product categories from Royal Range, leveraging Electrolux's strong sales force to boost sales [1][2] Company Overview - Royal Range, established in 1995, specializes in designing and producing cooking equipment such as ranges, ovens, fryers, and countertop cooking appliances, operating with approximately 40 employees from a factory in Eastvale, California [2] - The company is projected to achieve sales of around SEK 100 million in 2025, with an EBITA margin that is expected to be accretive to Electrolux's target EBITA margin of 15% [3] Acquisition Details - The purchase price for the acquisition has not been disclosed, and the transaction is anticipated to close in the first quarter of 2026 [3]