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.
Komatsu Zenoah is a leading producer of portable outdoor power products and is the market leader in Japan. The outdoor-product range comprises mainly brush cutters, chainsaws, trimmers and blowers. Sales for this operation in the fiscal year ending 31 March, 2006 amounted to approximately JPY 19 billion (approximately USD 170m), of which about half were in Japan. The number of employees was approximately 700. Production is based in Japan and China.
For more information, please contact Åsa Stenqvist, Senior Vice President, Corporate Communications and Investor Relations, tel. +46 8 738 64 94