Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sat April 21 2018

Related Information
Related Information
Related Information
Related Information

News » Plant » Husqvarna to buy Atlas Copco division » published 4 Jan 2018

Husqvarna to buy Atlas Copco division

Husqvarna Group has agreed a deal to acquire Atlas Copco’s light compaction and concrete equipment business.

Details of the agreement are expected to be revealed closer to finalisation, which is expected within the next two or three months. The deal is subject to approval from competition authorities.

Husqvarna is a Swedish manufacturer of outdoor power products including chainsaws, trimmers, brushcutters, cultivators, garden tractors, and mowers.

President and CEO Kai Wärn said: “Atlas Copco’s Light Compaction & Concrete Equipment business fits well into Husqvarna Construction’s strategy for expanding deeper into the market segment of concrete surfaces and floors.”

He added: “This step will further reinforce our leadership position in this segment and complement the recent acquisitions. Strategically, the build-up of this area also supports our overall ambition of growing the Construction Division’s share in the Husqvarna Group.”

Atlas Copco Light Compaction & Concrete Equipment had annual sales of approximately £50min 2016. The acquisition includes product lines, operations and R&D in Bulgaria.

“This presents us with a good growth opportunity since light construction equipment really is Husqvarna Construction’s core competence” said Henric Andersson, president of Husqvarna Construction.

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 4 Jan 2018 (last updated on 4 Jan 2018).

More News Channels