Electrolux Professional on Friday said it had agreed to buy Japan’s Tosei Corporation (8923.T), a maker of professional laundry equipment and vacuum packing machines, for about 1.65 billion Swedish crowns ($163.3 million).

“Tosei will significantly strengthen our position in Japan which is the second largest laundry market, and third largest food service market globally,” Electrolux Professional CEO Alberto Zanata said in a statement.