Electrolux signs agreement to divest its compressor operation
Electrolux signs agreement to divest its compressor operation (ELUX) Electrolux has signed an agreement for divestment of its compressor operation, to SOLE SpA, a company controlled by Dresdner Kleinwort Capital. The compressor operation is part of business area Professional Indoor Products and is the world leader in compressors for domestic and commercial appliances. The operation comprises three plants in Italy, Spain and Austria, as well as two joint ventures in China. External sales in 2002 amounted to SEK 2,800m, and the number of employees was 4,100. The sale is expected to be