PR87960

LA VERGNE, Tenn., Feb. 5, 2021 /PRNewswire=KYODO JBN/ --

The epicenter of sewing R & D for the last 150 years has gained a new

state-of-the-art facility. SVP Worldwide, the world's largest consumer sewing

machine company, has announced the opening of its new research and development

offices in the Huskvarna/Jonkoping area of Sweden.  With over 3500 square

meters of tech-focused space, the building features a "can't miss" neon-lit

SINGER(R) sewing machine at the entrance of  Soldattorpsgatan 3554 74 JÖNKÖPING.

Logo - https://mma.prnewswire.com/media/1154700/svp_gd_Logo.jpg

The Huskvarna region has long been recognized for having created the most

advanced sewing and embroidery machines in the world.  This facility will be

the central location for the company's R & D teams with support teams in

Shanghai, London, and Nashville.  In addition, a group of sales, marketing, and

customer service employees will also share the space.  

"We are investing more than $110m in product development globally over the next

five years and want to have the most technologically advanced facility with the

space to continue to grow both physically and from a technological standpoint

in this region," says CEO Carl-Martin Lindahl.  "As our development increases

in the space of software, app development, cloud computing, we feel our needs,

in terms of the work environment, are always changing. This will allow us to

stay on the forefront and aggressively recruit top engineering talent to the

region."

Senior Vice President, Research and Development Kevin Keller adds, "When we

began to look at our options for a new R&D facility, it was obvious that we

needed to stay in the Huskvarna/Jonkoping area.  Developing our engineering

footprint was critical in our decision process.  We wanted a facility that

could showcase our team and provide a state-of-the-art working experience in

our industry."

SVP Worldwide, doing business through SVP-Singer Holdings, Inc. and its

affiliates, is the world's largest consumer sewing machine company, accounting

for approximately one out of every three sewing machines sold annually across

the globe. The company and its three iconic brands - SINGER(R), HUSQVARNA(R)

VIKING(R), and PFAFF(R) - each has delighted consumers for over 475 years.

These premium brands and products are regarded as the choice for serious

sewists and novice crafters.

The company's corporate headquarters is located in Nashville, TN, and supported

by regional headquarters/sales offices located in Milan (Italy), Mexico City

(Mexico), and Sydney (Australia) that, combined, reach consumers in more than

180 countries. SVP has manufacturing facilities across Asia and Latin America,

multiple R&D centers, a software development center in Europe, and a global

supply chain with distribution centers in all regions.

In 2018, SVP Worldwide was acquired by Ares Management, a publicly-traded, and

leading global alternative asset manager with approximately $144 billion of

assets under management and over 1,200 employees.  Ares Management has made

substantial investments to align SVP Worldwide for growth. To learn more visit

www.svpworldwide.com

SOURCE: SVP Worldwide

CONTACT: Lori Tesoro, Public Relations and Communications,

lori.tesoro@svpworldwide.com