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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]
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 .
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]
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.
It made its one-millionth machine in 1910. Pfaff was bought by Husqvarna Viking in 1999. [5] In 2006, the American equity firm Kohlberg & Company, owner of Singer, acquired Swedish VSM Group, owner of Husqvarna Viking and PFAFF, thereby creating SVP Worldwide. [6]
Husqvarna may refer to: Husqvarna Vapenfabriks, the original branch, a defunct firearms manufacturing company; Husqvarna Group, a manufacturer of outdoor power products; Husqvarna FF, a football club sponsored by the Husqvarna Group; Husqvarna Motorcycles, a motocross, enduro and supermoto motorcycle manufacturer; Husqvarna Sewing Machines, now ...