# Electrolux Professional to buy Tosei Corporation for about SEK 1.65 billion

Sweden's Electrolux Professional agreed to buy Japan's Tosei Corporation, a maker of professional laundry equipment and vacuum packing machines, for about 1.65 billion Swedish crowns ($163.3 million).

- Type: Acquisition
- Announced: 2023-12-22
- Where: Japan
- Value: $163.3M (1.65B SEK)
- Status: announced
- Products: professional laundry equipment, vacuum packing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Electrolux Professional](https://endata.com/companies/58375.md) (acquirer)
- [Tosei Corporation](https://endata.com/companies/74624.md) (target)
- [Marunouchi Global Fund II](https://endata.com/companies/74625.md) (partner)
- [Marunouchi Capital Fund II](https://endata.com/companies/74626.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/swedens-electrolux-professional-buy-japans-tosei-2023-12-22/), 2023-12-22: "Tosei will significantly strengthen our position in Japan which is the second largest laundry market, and third largest food service market globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.