February 6, 2017 / 6:15 AM / 10 months ago

Electrolux says to buy U.S.-based Anova

STOCKHOLM, Feb 6 (Reuters) - Electrolux :

* Says to buy Anova, the U.S. based provider of the Anova Precision Cooker,

* Net sales in 2016 amounted to around USD 40 million

* The up-front cash consideration in the transaction is USD 115 million, with an additional amount of up to USD 135 million, depending on future financial performance

* The company has approximately 70 employees and contractors globally and is headquartered in San Francisco, California.

* Sales are primarily carried out online - directly to consumer and through major retailers (Reporting by Johannes Hellstrom)

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