Husqvarna Group expands its surface preparation offering through Blastrac acquisition
The acquisition of Blastrac strengthens and complements the Husqvarna Group’s organic growth ambitions as it further expands into complementary surface preparation solutions, according to Husqvarna Group President and Chief Executive Officer, Henric Andersson.
“This will enable us to provide customers with a complete range of solutions for any given surface preparation task,” he said.
The Blastrac product portfolio includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding and polishing and dust collection.
Blastrac’s net sales during the 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 with sales in more than 80 countries.
The acquisition aims to further build and expand Husqvarna Group’s offering in the market for surface preparation, according to President, Construction Division, Karin Falk.
“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,” Ms Falk said.
The parties aim at closing the acquisition by the end of 2020. The acquisition is subject to approval by relevant competition authorities.