Stuttgart - Atlas Copco, a leading provider of sustainable productivity solutions with an annual turnover of approximately 10.6 billion euros in 2016, has agreed to divest its concrete and compaction business to Husqvarna Group’s Construction division.
Partner Dr. Christian Haellmigk at CMS is leading the competition team which advises Atlas Copco. The divestiture business had revenues of approximately 57 million euros in 2016. In total, up to 200 employees will join Husqvarna Group. The products include complete ranges for concrete and compaction, such as plate compactors, tandem rollers and concrete vibrators. The transaction includes the production facility in Ruse, Bulgaria, and production assets in Nashik, India, along with sales and service operations worldwide. The divestment is subject to regulatory approvals and is expected to be completed during the first quarter 2018.
Husqvarna Group is a global leading producer of power products for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group's net sales in 2016 amounted to approximately 3.8 billion euros.
Dr Christian Haellmigk, Lead Partner, Antitrust/Competition
Martin Cholewa, Senior Associate, Antitrust/Competition