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Swedish outdoor appliance maker Husqvarna AB has purchased Gardena AG of Ulm, Germany for $964 million to broaden its range of garden products. Husqvarna acquired Gardena from Industri Kapital, a private equity firm that has owned the business since 2002.
Swedish outdoor appliance maker Husqvarna AB has purchased Gardena AG of Ulm, Germany for $964 million to broaden its range of garden products. Husqvarna acquired Gardena from Industri Kapital, a private equity firm that has owned the business since 2002. The acquisition is expected to be finalized during this quarter. Husqvarna produces chain saws, lawn mowers and appliances such as trimmers and leaf blowers. Gardena focuses on irrigation products, and also produces garden tools, ponds and pumps.
Swedish outdoor appliance maker Husqvarna AB has purchased Gardena AG of Ulm, Germany for $964 million to broaden its range of garden products. Husqvarna acquired Gardena from Industri Kapital, a private equity firm that has owned the business since 2002. The acquisition is expected to be finalized during this quarter. Husqvarna produces chain saws, lawn mowers and appliances such as trimmers and leaf blowers. Gardena focuses on irrigation products, and also produces garden tools, ponds and pumps.
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