Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Husqvarna Will Acquire Gardena
Jan 5, 2007
 Printable format
 Email this Article
 Search

Husqvarna signed an agreement to acquire German's Gardena AG from private equity firm Industri Kapital for 730 million euros (approx. U.S. $955 million). Gardena is a leader in Europe's consumer market for irrigation products, garden tools, garden ponds, pumps, and electric garden products. In the fiscal year ending September 2006, the company reported sales of 422 million euros (approx. $552 million) and operating income of 54 million euros (approx. $71 million).

While most of its sales are in Europe, Gardena products are sold in more than 80 countries. Production is based in Germany and the Czech Republic and the company has approximately 2,900 employees.

The acquisition is expected to be finalized in the first quarter of 2007, subject to approvals.

"We expect to see a positive trend in demand for irrigation products going forward and we see this product area as a platform for growth," said Bengt Andersson, president and CEO of Husqvarna. 

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Arçelik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows