Stockholm, Sweden-based Husqvarna Group is further expanding its offering in surface preparation through the acquisition of Blastrac. The parties aim at closing the acquisition by the end of 2020. The acquisition is subject to approval by relevant competition authorities.
“The acquisition of Blastrac strengthens and complements our organic growth ambitions, as we are further expanding into complementary surface preparation solutions,” says Henric Andersson, president and CEO, Husqvarna Group. “This will enable us to provide customers with a complete range of solutions for any given surface preparation task.”
The Blastrac product portfolio includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding and polishing, and dust collection. 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 our offering in the market for surface preparation. Blastrac’s business fits well into our growth strategy and will enable us to expand to our existing and new customers,” says Karin Falk, president, construction division. “In addition, the Blastrac team will bring extensive product and market expertise with these complementary solutions.”