The Wacker Neuson Group sells its concrete power trowel business to Husqvarna Group

MEq
By MEq October 8, 2019 10:10

The Wacker Neuson Group sells its concrete power trowel business to Husqvarna Group

Leading light and compact equipment manufacturer the Wacker Neuson Group has sold its concrete power trowel business to the Husqvarna Group. The sale marks another step in the Wacker Neuson Group’s move to focus on core products and thus streamline its product portfolio, as targeted in its Strategy 2022.

“Our Strategy 2022 puts our customers at the heart of everything we do,” explains Martin Lehner, CEO of the Wacker Neuson Group. “Sharpening our focus on core competencies and products enables us to offer our customers premium quality and outstanding service solutions. In line with our strategic pillar of ‘focus’, which aims to optimize our portfolio of competitive construction equipment, we have decided to concentrate even more on our core businesses, namely compact equipment, compaction equipment, utility and concrete consolidation with internal and external vibrators, and to divest the trowel business.”

Wacker Neuson has been developing and producing trowels in North America, which represented the company’s largest market for these products. “Our existing concrete power trowel customers will receive the same level of service and support as they experienced in the past,” says Alexander Greschner, CSO of the Wacker Neuson Group. “We are and will remain a reliable partner for our customers in the concrete sector,” he adds. Wacker Neuson will continue to offer trowels as part of its product range throughout 2020 within the framework of an OEM agreement with Husqvarna and will continue to supply spare parts and services to its customers beyond that. The Group’s business with concrete internal and external vibrators remains unaffected by the sale and Wacker Neuson continues to be a market and innovation leader in this field.

Husqvarna Group is acquiring all the product, R&D and manufacturing assets relating to walk-behind and ride-on concrete power trowels. 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.

MEq
By MEq October 8, 2019 10:10

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