Husqvarna Group to acquire Orbit Irrigation in the U.S., creating the global market leader in residential watering
Husqvarna Group has signed an agreement to acquire Orbit Irrigation, a leading provider of residential watering solutions in North America. Orbit will become part of Husqvarna Group’s Gardena Division, establishing a global leader and creating growth opportunities for both brands.Orbit’s net sales during the last 12 months amounted to approximately USD 320m with an operating margin slightly below Husqvarna Group average. The purchase price corresponds to an enterprise value of USD 480m on a cash and debt-free basis and will be financed through existing cash and undrawn credit facilities.