Husqvarna Acquires Wacker Neuson Power Trowel Business
Husqvarna Group's Construction Division has acquired the concrete power trowel business from Wacker Neuson Group.
"Power trowels complement our current range in a great way, connecting the entire process from ground compaction to polished concrete floors, and fits well into our divisional strategy to grow our Concrete Surfaces and Floors business,” said Henric Andersson, president Construction Division. “With the addition of the ride-on trowels we will now have a complete offering for concrete surfacing and polishing which will add great value to our customers."
Husqvarna Group is acquiring all the product, R&D and manufacturing assets relating to walk-behind and ride-on concrete power trowels. Sales in the power trowel segment (acquired assets) in 2018 amounted to about 150 MSEK (about U.S. 15.2 million).
A Husqvarna product range will be launched early in 2020 and as part of the agreement Husqvarna Group will in parallel manufacture power trowels on Wacker Neuson's behalf.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.