Wacker Neuson sells energy trowel enterprise to Husqvarna
Wacker Neuson introduced it has offered its concrete energy trowel enterprise to Husqvarna.
The transfer is designed to assist Wacker Neuson “concentrate on core merchandise and thus streamline its product portfolio,” the corporate says. These core merchandise embrace compact gear, compaction gear, and inside and exterior vibrators.
Husqvarna says it is going to purchase all of the product, analysis and growth, and manufacturing property for Wacker’s walk-behind and ride-on concrete energy trowels. The transfer follows the corporate’s acquisition of Atlas Copco’s concrete and compaction enterprise in 2018. The Sweden-based firm’s development merchandise additionally embrace energy saws, demolition robots and instruments, drills and energy packs.
Wacker Neuson, primarily based in Germany, says it is going to proceed to supply trowels all through 2020 below its settlement with Husqvarna and can provide spare elements and repair to its clients past that. The corporate provides that the sale won’t have an effect on its concrete inside and exterior vibrators enterprise.
Husqvarna says it is going to launch its personal product vary subsequent yr, “and as a part of the settlement Husqvarna Group will in parallel manufacture energy trowels on Wacker Neuson’s behalf.”
“Energy trowels complement our present vary in an effective way, connecting the whole course of from floor compaction to polished concrete flooring, and matches properly into our divisional technique to develop our concrete surfaces and flooring enterprise,” says Henric Andersson, president of Husqvarna’s Development Division. “With the addition of the ride-on trowels, we’ll now have an entire providing for concrete surfacing and sharpening, which can add nice worth to our clients.”
Phrases of the sale weren’t launched.
North America has been Wacker Neuson’s largest marketplace for its energy trowels. And the corporate has held annual competitions, together with at this yr’s World of Concrete, for ride-on trowel operators.
Wacker Neuson says the sale is a part of its “Technique 2022,” to develop into one of many high world leaders in manufacturing gentle and compact gear. The technique focuses on creating the corporate’s core markets in North America and Europe, in addition to increasing into the China and Asian market over the subsequent two years. The technique additionally requires dashing up new product growth in such areas as power effectivity, various drive applied sciences, driver help methods and digital networking of services, the corporate says. Wacker Neuson’s technique contains streamlining its inside constructions to make the corporate extra environment friendly, the corporate says.