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Electrolux To Acquire Vintec - Quick Facts

Electrolux (0MDT.L,0GQ1.L,ELUXY.PK) announced it has agreed to acquire Vintec, an Australia and Singapore-based company. Vintec supplies climate-controlled wine cabinets for both residential and professional customers throughout the Asia Pacific region.

"We see a strong growth potential for these products in Asia, as wine consumption is increasing and penetration of wine cabinets is still at a low level," said Kenneth Ng, Head of Electrolux Major Appliances Asia Pacific.

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