Qvantum acquires high-tech manufacturing facility from Electrolux with a future production power of one million heat pumps per year
· Qvantum makes landmark acquisition from leading global appliance company Electrolux Group of a high-tech refrigerator manufacturing facility in Hungary, strategically located in the European ‘heat pump valley’ · Production power to increase by one million electric heat pumps yearly once conversion of the facility is completed, making Qvantum one of the largest producers in Europe · Strengthens Qvantum’s position in decarbonizing and electrifying urban areas and cities across Europe by providing smart, easy to install and service, and affordable electric heat pumps to the broader public