13 Jun 2013

NIB finances Electrolux R&D investments

NIB and Electrolux AB have signed a SEK 1 billion (EUR 116 million) loan agreement for financing research and development activities.

In order to further strengthen its competitiveness, Electrolux is in line with its strategy implementing a faster product development process to be able to launch more innovative products in key markets. Investments in R&D as well as in product development are key components of the strategy. The loan provided by NIB is aimed at Electrolux research and development activities in 2012-2015 and has an eight year maturity.

The business areas targeted by the R&D investments are dish care, small appliances, professional laundry and food preservation. About half of the R&D investments will be carried out in Sweden, where the company’s development centres for dish washers and vacuum cleaners are located.

The Electrolux group, with sales of SEK 110 billion and 61,000 employees, is a global leader in household appliances and appliances for professional use. The company sells more than 40 million products to customers in more than 150 markets every year.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Nicolas Audibert, Senior Manager, Head of Industries and Services Group, at +358 10 618 0689,

Kyra Koponen, Communications Officer, at +358 10 618 0297,

Related resources

12 Jun 2013

Electrolux AB

EUR 115.2 million