The story
In 1999, VSM Group took over Pfaff sewing machines. In December 2005, Industri Kapital sold VSM Group to Kohlberg Management IV, already owner of the Singer1 brand. The merger of the two entities then gave birth to SVP Worldwide, whose head office is in Hamilton, Bermuda. The name SVP identifies the three brands of the merger (Singer, VSM, Pfaff). All brands used by VSM group are under license from KSIN Luxembourg2.
From Wikipedia’s article on VSM Group, shared under CC BY-SA 4.0.4
