Consolidation of Husqvarna Construction’s operations within Concrete Surfaces and Floors
Together with the recent acquisitions of Diamond Tool Supply, Pullman Ermator and HTC, Husqvarna Construction is a market leader in the fast growing and attractive market segment for preparing and polishing concrete floors. To enhance customer support, better co-ordinate the operations overall and to support an acceleration of investments for growth Husqvarna Construction intends to, pending customary consultation processes, implement a number of structural changes.
“We are highly committed to invest and grow in this attractive market segment and provide the best total solution for our customers. Our overarching strategy is to accelerate growth by increasing investments, predominantly in sales, service and product development. To help fund these growth initiatives and better co-ordinate our operations overall we intend to implement some structural changes to increase our capabilities and to realize synergies” says Henric Andersson, President Husqvarna Construction Division.
Husqvarna Construction will continue to apply a multi-brand strategy but to a larger extent leveraging on the existing global back-end infrastructure in order to increase efficiency and capabilities. The proposed changes will put some 50 employees at risk, including closure of Pullman Ermator’s sites in Smedjebacken, Sweden and Tampa, Florida, U.S.A.
The total cost for the changes is estimated to be approximately SEK 65m. The majority of these costs will be charged against the Construction Division’s operating income in the third quarter 2017, and the remainder in the fourth quarter, and have an estimated 18-24 months’ pay-back.
For additional information, please contact
Henric Andersson, President Husqvarna Construction Division, +46 8 738 9133
Husqvarna Group press hotline +46 8 738 90 80 or firstname.lastname@example.org
Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries. Net sales in 2016 amounted to SEK 36bn and the Group has around 13,000 employees in 40 countries.