Qvantum acquires Electrolux refrigerator facility in Hungary for EUR 38M

Qvantum has acquired Electrolux Group's high-tech refrigerator manufacturing facility in Nyíregyháza, Hungary, for EUR 38 million. The facility will be converted to produce electric heat pumps, with production expected to start in the second half of 2024 and an annual capacity of one million heat pumps.

“This will empower us to fulfill our mission of delivering innovative electric heat pumps at reasonable prices to the many.”qvantum.com

• 2 sources
• qvantum.comQvantum acquires high-tech facility from Electrolux – QvantumEmma HarryssonSep 15, 2023
• news.cision.comQvantum acquires high-tech manufacturing facility from Electrolux with a future production power of one million heat pumps per year - QvantumSep 15, 2023

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