# Qvantum acquires Electrolux factory in Hungary for heat pump production

Swedish heat pump company Qvantum has acquired Electrolux Group's manufacturing facility in Nyíregyháza, Hungary, to convert it from refrigerator production to high-end electric heat pumps.

- Type: Acquisition
- Announced: 2024-03-08
- Where: Nyíregyháza, Hungary, Hungary
- Status: announced
- Products: electric heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Qvantum](https://endata.com/companies/16006.md) (acquirer)
- [Electrolux](https://endata.com/companies/16842.md) (target)

## Sources

- [hvacinformed.com](https://www.hvacinformed.com/news/qvantum-recruits-global-coo-start-up-production-former-electrolux-factory-co-1593188125-ga-co-1685604505-ga.1709892356.html), 2024-03-08: "Through the acquisition, Qvantum has access to superior mass production technology and know-how to accelerate its growth journey."

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