De'Longhi

De'Longhi S.p.A is an Italian small appliance manufacturer based in Treviso, Italy.[2]

De'Longhi S.p.A
Listed
Traded asBIT: DLG
ISINIT0003115950 
IndustryHome appliances
Founded1902 (1902)
Headquarters
Treviso
,
Italy
Area served
Worldwide
Key people
Fabio De'Longhi (President)
Massimo Garavaglia (CEO)
ProductsHeaters, air-conditioners, vacuum cleaners, espresso machines, kitchen appliances and small appliances
Revenue€ 1726.7 million [1] (2014)
Number of employees
6554 [1] (2014)
Websitewww.delonghigroup.com/en/group-profile
De'Longhi Maestosa EPAM960.75.GLM Coffee machine

History and trading

The company was founded by the De' Longhi family in 1902 as a small industrial parts manufacturing workshop. The company incorporated in 1950. Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments.

Products

De'Longhi is especially well known for the Artista Series espresso machines, the De'Longhi gelato maker as well as the Pinguino portable air conditioner.

De'Longhi is known for the design of its products. Its Esclusivo line of kitchen appliances won the Red Dot design award in 2007.[3] Home Furnishing News recognized the firm's Design Director Giocomo Borin as one of the 50 most influential designers in the world in 2006.

De'Longhi's 2000 acquisition of Climaveneta SpA and DLRadiators allowed De'Longhi to enter the commercial HVACR (heating, ventilation, air conditioning and refrigeration) market.

Merger and acquisitions

Its acquisition of the British appliance maker Kenwood for £45.9 million[4] (about $66.7 million) 2001 gave it access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now imported from China, while design and engineering remain largely in Italy.

Acquisition of a majority stake in RC Group, a leading player in datacenter cooling, in 2006 has strengthened its presence in the HVACR market.

In all, the company operates 13 production facilities and 30 international subsidiaries that support sales to 75 countries worldwide. International sales account for nearly 75 percent of the group's total revenues, which topped €1.63 billion in 2010.

On 2 January 2012 the DeLclima group was set up as a demerger from De'Longhi.

On 16 April 2012, De'Longhi bought perpetual rights to manufacture Braun branded products from Procter & Gamble in the small appliance segment. Procter & Gamble will continue to own the Braun brand. €50 million was paid immediately and €90 million will be paid over the next 15 years.[2]

Public trading

Shares in the company are traded on Milan's stock exchange.

In October 2017, the Asthma and Allergy Foundation of America and Allergy Standards Limited announced that five De'Longhi dehumidifiers have earned the Asthma and Allergy Friendly Certification. These are the first dehumidifiers to receive the program’s mark.[5]

See also

References
  1. "Corporate Investor Relations and Highlights". De'Longhi Group. Archived from the original on 1 July 2015. Retrieved 1 July 2015.
  2. "Italy's De'Longhi buys Braun brand license". Reuters. 16 April 2012. Retrieved 6 October 2012.
  3. Falson, Sarah (6 March 2007). "De'Longhi's Esclusivo range wins two international design gongs". applianceretailer.com.au. Archived from the original on 2 April 2015. Retrieved 10 February 2017.
  4. White, Dominic (17 February 2001). "Kenwood cooks up a £45.9m deal with Italy's De'Longhi". The Daily Telegraph. ISSN 0307-1235. Retrieved 25 January 2016.
  5. "Reducing Humidity Creates Healthier Homes for Those With Asthma and Allergies" (Press release). GlobeNewswire. 16 October 2017.


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