Electrolux
Overview
 
The Electrolux Group is a Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 appliance maker.

As of 2010 the 2nd largest home appliance manufacturer in the world after Whirlpool, its products sell under a variety of brand names including its own and are primarily major appliance
Major appliance
A major appliance, or domestic appliance, is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, or food preservation, whether in a household, institutional, commercial or industrial setting...

s and vacuum cleaner
Vacuum cleaner
A vacuum cleaner, commonly referred to as a "vacuum," is a device that uses an air pump to create a partial vacuum to suck up dust and dirt, usually from floors, and optionally from other surfaces as well. The dirt is collected by either a dustbag or a cyclone for later disposal...

s. The company also makes appliances for professional use.

Forbes Magazine says Electrolux is one of the top 5 companies in consumer durable good
Durable good
In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks or jewellery could be considered perfectly durable goods, because they should...

s, worldwide, and named it to its list of 130 Global High Performers in 2010.
Formed from a 1918 cooperative agreement between sales company Svenska Elektron AB and kerosene lamp
Kerosene lamp
The kerosene lamp is a type of lighting device that uses kerosene as a fuel. This article refers to kerosene lamps that have a wick and a tall glass chimney. Kerosene lanterns that have a wick and a glass globe are related to kerosene lamps and are included here as well...

 maker Lux AB, Electrolux grew rapidly through mergers and acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

 to become a world-class appliance manufacturer.
In 1919, a Svenska Elektron AB subsidiary, Elektromekaniska AB, became Elektrolux (the spelling was changed to Electrolux in 1957).
 
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