Husqvarna Group Acquires Blastrac
Husqvarna Group’s Construction Division has acquired Blastrac, expanding Husqvarna’s repertoire of surface preparation solutions.
“The acquisition of Blastrac strengthens and complements our organic growth ambitions, as we are further expanding into complementary surface preparation solutions,” says Henric Andersson, president and CEO of Husqvarna Group. “This will enable us to provide customers with a complete range of solutions for any given surface preparation task.”
The Blastrac product portfolio includes efficient, high-quality solutions for shot blasting, grinding and polishing, scarifying, scraping 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 that conduct sales in more than 80 countries.
“The acquisition aims to further build and expand our offering in the market for surface preparation,” says Karin Falk, president of Husqvarna’s Construction Division. “Blastrac's business fits well into our growth strategy and will enable us to expand to our existing and new customers. In addition, the Blastrac team will bring extensive product and market expertise with these complementary solutions.”
The acquisition is subject to approval by relevant competition authorities.
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