Husqvarna acquires Klippo

Husqvarna has signed an agreement to acquire Klippo AB, the largest producer of petrol-driven walk-behind lawnmovers for the Swedish market.

Klippo’s product offering mainly includes walk-behind lawnmovers 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.

The acquisition is subject to approval by the relevant authorities and is expected to be finalized during the first quarter of 2007. The operation will be included in the Group’s Professional Products business area.

”Klippo is a well-known and strong brand for walk-behind lawnmovers in the Nordic countries. The acquisition will significantly strengthen Husqvarna’s position in the Nordic market for walk-behind lawnmovers for professional users. Synergies will be achieved in sourcing and distribution, says Hans Linnarson, the head of Professional Lawn and garden.


For more information, please contact Åsa Stenqvist, Senior Vice President, Corporate Communications and Investor Relations, tel. +46 8 738 64 94

About Us

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 2017 amounted to SEK 39bn and the Group has around 13,000 employees in 40 countries.

Subscribe

Documents & Links