Blog of Outdoor-Power-Equipment.net
news about power tools
Final agreement for acquisition of Komatsu Zenoah’s outdoor-products operation
Husqvarna has today signed a final agreement with Komatsu Zenoah Co. regarding acquisition of the outdoor power products operation within Komatsu Zenoah Co.
The acquisition is expected to be completed in the beginning of April 2007 subject to approval by the relevant authorities. The operation will be consolidated in the Group’s accounts within Professional Products. The purchase price is approximately JPY 18.2 billion (approximately USD 155m) on a debt-free basis.
January 2007
- Author: admin | Category: komatsu, press-release, husqvarna | Comments(0)
Husqvarna acquires Klippo
Husqvarna has signed an agreement to acquire Klippo AB, the largest producer of petrol-driven walk-behind lawn mowers for the Swedish market.
Klippo’s product offering mainly includes walk-behind lawn mowers for professional users. In 2005, the company reported sales of approximately USD 20.5 m (140 MSEK) and operating income of approximately USD 3 m (20 MSEK). Sweden accounts for approximately two thirds of sales. The company has about 50 employees, and manufacturing is based in Sweden.
January 2007
- Author: admin | Category: press-release, klippo, husqvarna | Comments(0)