Electrolux Professional Group to acquire Tosei Corporation
Electrolux Professional Group has entered into an agreement to acquire Tosei Corporation (“Tosei”), a leading Japanese manufacturer of professional laundry equipment and vacuum packing machines from Marunouchi Global Fund II and Marunouchi Capital Fund II, both related to Mitsubishi Corporation, for approximately SEK 1,650m (JPY 23.25bn) on a cash and debt free basis.“As a leader in laundry and vacuum packing machines, Tosei will significantly strengthen our position in Japan which is the second largest laundry market, and third largest foodservice market globally. In addition, we will be