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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Husqvarna AB    HUSQ B   SE0001662230

HUSQVARNA AB

(HUSQ B)
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Husqvarna : is further expanding its offering in surface preparation through the acquisition of Blastrac

11/24/2020 | 01:31am EST

Husqvarna Group's Construction Division has signed an agreement to acquire Blastrac,
a leading provider of surface preparation technologies for the global construction and remediation industry.

"The acquisition of Blastrac strengthens and complements our organic growth ambitions, as we are further expanding into complementary surface preparation solutions. This will enable us to provide customers with a complete range of solutions for any given surface preparation task," said Henric Andersson, President & CEO, Husqvarna Group.

The Blastrac product portfolio includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding & polishing and dust collection. Blastrac's net sales during last 12 months amounted to approximately SEK 600m. The company has 380 employees globally with manufacturing and sales offices in North America, Europe and Asia with sales in more than 80 countries.

"The acquisition aims to further build and expand our offering in the market for surface preparation. Blastrac's business fits well into our growth strategy and will enable us to expand to our existing and new customers," said Karin Falk, President, Construction Division. "In addition, the Blastrac team will bring extensive product and market expertise with these complementary solutions."

The parties aim at closing the acquisition by the end of 2020. The acquisition is subject to approval by relevant competition authorities.
 

For further information, please contact:
Johan Andersson, Director, Group Corporate Communications and Investor Relations,
ir@husqvarnagroup.com
+46 702 100 451

 
 

Husqvarna Group
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.

https://news.cision.com/husqvarna-ab/r/husqvarna-group-is-further-expanding-its-offering-in-surface-preparation-through-the-acquisition-of-,c3242131

https://mb.cision.com/Main/996/3242131/1338843.pdf

https://news.cision.com/husqvarna-ab/i/karin-falk,c2853014

https://news.cision.com/husqvarna-ab/i/blastrac-product-range,c2853015

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 41 756 M 5 033 M 5 033 M
Net income 2020 2 537 M 306 M 306 M
Net Debt 2020 7 598 M 916 M 916 M
P/E ratio 2020 25,0x
Yield 2020 2,09%
Capitalization 63 474 M 7 653 M 7 651 M
EV / Sales 2020 1,70x
EV / Sales 2021 1,63x
Nbr of Employees 12 321
Free-Float 74,6%
Chart HUSQVARNA AB
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Husqvarna AB Technical Analysis Chart | HUSQ B | SE0001662230 | MarketScreener
Technical analysis trends HUSQVARNA AB
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 109,86 SEK
Last Close Price 110,70 SEK
Spread / Highest target 12,9%
Spread / Average Target -0,76%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
Henric Andersson President & Chief Executive Officer
Thomas Johnstone Chairman
Glen Anthony Instone Chief Financial Officer & SVP-Finance
Anders Johanson CTO & Senior VP-Innovation & Technology
Ulla Viveka Litzén Independent Director
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