Stockholm - Swedish home appliance maker Electrolux said on Thursday it had reached an agreement to buy Veetsan, a Chinese producer of professional dishwashers.
"By acquiring Veetsan we address growing demand in the region," Alberto Zanata, head of Electrolux professional products, said in a statement.
"Professional dish washing represents one of the most promising product categories as its penetration rate in
China is still considerably lower than other categories, such as cooking or refrigerated storage," he added.
No financial details about the operation were disclosed. Electrolux said it expected to close the deal in the first half of the year, pending regulatory approvals.