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VSM Group AB (Viking Sewing Machines), previously named Husqvarna Sewing Machines is a company based in Huskvarna, Sweden. Founded in 1872, the company is best known for "smart" (computerized) sewing machines and sergers under the brands Husqvarna Viking and Pfaff .
SVP was formed when Kohlberg & Company, an American private equity firm that owned the Swedish VSM Group (owner of the Husqvarna Viking and Pfaff sewing machine brands), combined VSM with Singer, [5] which it acquired in 2004 for $134 million. [6] The company was founded in 2006 [2] and was formerly headquartered in Hamilton, Bermuda. [7]
The White line of sewing machines was consolidated into the lower end Husqvarna Viking brand after this spinoff. The White-Westinghouse brand name remained with Electrolux and that name is the only remnant of the "White Sewing Machine Company" name, however the brand line included no sewing machines.
A rare Gem-brand sewing machine produced by the White Sewing Machine Company, circa 1887. A sewing machine is a machine used to stitch fabric and other materials together with thread. [1] Sewing machines were invented during the first Industrial Revolution to decrease the amount of manual sewing work performed in clothing companies. [2]
During the 1980s Singer sewing machine markets were being hit with Japanese machines and European brands including Bernina, Pfaff, and Viking. In 1986 Singer purchased Dalmo Victor for $174m from Textron , [ 45 ] It would subsequently be resold in 1989 for $175m in cash to General Instrument .
Husqvarna (pronounced [ˈhʉ̂ːsˌkvɑːɳa] ⓘ) is a Swedish company founded in 1689 to produce muskets. The company has grown since, was partitioned, and is now a brand of multiple companies. The company has grown since, was partitioned, and is now a brand of multiple companies.