STOCKHOLM, July 8, 2021 / PRNewswire / – With the acquisition of Electrolux, a world leader in household appliances, strengthens its service network by France and underlines its commitment to promote the circularity and repairability of devices.

Electrolux today announced its agreement to acquire La Compagnie du SAV (CSAV), France’s leading independent service provider (ISP) specializing in the repair of household appliances. The acquisition is fully in line with the Electrolux Group strategy to deliver exceptional experiences to consumers, ensuring they get the most out of their devices throughout the product lifecycle.

“With this acquisition, we are further strengthening our service network by France allowing us to best meet the growing market demand in the field of after-sales service. I am confident that this in turn will elevate consumer satisfaction and brand loyalty to a new level, ”said Chris Braam, Senior Vice President Sales and Services Electrolux at Europe.

The acquisition also underlines Electrolux’s strong commitment to promoting the circularity and repairability of devices. The transition to a circular economy is a key project of the French government and a fundamental element of the European Green Deal. The European Green Deal is a set of political initiatives of the European Commission whose main objective is to make Europe climate neutral by 2050.

“Our ambition as a global leader in sustainability is to maximize the lifespan of our devices while providing consumers with dedicated, high-quality and responsive services whenever they need them. This acquisition is an important step in our service strategy and our commitment to drive the circularity of our products “, explained Pierre Perron, CEO of Electrolux France. “Compagnie du SAV is a well-established company in the market, and we are very happy to welcome our new colleagues to the Electrolux family,” he added.

CSAV will be part of the Electrolux Group from July 8e, 2021 but will continue to operate fully as an independent entity, offering multi-brand services. In a fragmented market, CSAV is a leading French service provider covering the entire territory and offering consumers comprehensive, integrated and innovative assistance and repair services. With nearly two million devices repaired and maintained since 2012, CSAV relies on extensive experience in the field of household appliances. The company is headquartered in Lisses, south of Paris, and employs around 200 people. Net sales in 2020 amounted to approximately 25 million euros.

Laurent Falconieri, Managing Director of CSAV, added: “We are looking forward to being part of the Electrolux Group. The acquisition offers CSAV great opportunities to continue to grow in the field of after-sales service. It is also a strong recognition of our teams and our expertise in providing high quality services. We are convinced that we will make a lasting contribution to Electrolux’s ambition in the field of device circularity and repairability and I am proud for all the employees who are part of our company. “

CONTACT:

For more information, please contact Electrolux Press Hotline, +46 8 657 65 07.

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https://news.cision.com/electrolux/r/electrolux-to-acquire-french-service-provider-la-compagnie-du-sav–csav-,c3381581

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SOURCE Electrolux



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