M&A Deal Summary

Husqvarna Acquires Franklin Robotics

On April 10, 2018, Husqvarna acquired technology hardware company Franklin Robotics

Acquisition Highlights
  • This is Husqvarna’s 1st transaction in the Technology Hardware sector.
  • This is Husqvarna’s 5th transaction in the United States.
  • This is Husqvarna’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2018-04-10
Target Franklin Robotics
Sector Technology Hardware
Buyer(s) Husqvarna
Deal Type Add-on Acquisition

Target

Franklin Robotics

Billerica, Massachusetts, United States
Franklin Robotics LLC is a start-up that has developed "Tertill", a solar-powered weeding robot for vegetable and flower gardens. Franklin Robotics is based in Billerica, Massachusetts.

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Buyer(S) 1

Buyer

Husqvarna

Stockholm, Sweden
Category Company
Founded 1689
Sector Machinery
Employees13,963
Revenue 53.3B SEK (2023)
DESCRIPTION

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 10 of 16
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 9 of 14
State (Massachusetts) 1 of 1
Country (United States) 5 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 HTC Floor Grinding Solutions

Soderkoping, Sweden

HTC Floor Grinding Solutions is a developer of professional grinding machines, dust extractors, diamond tools etc. for preparation of concrete floor, granite, natural stone and wood.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Mowbot

Durham, North Carolina, United States

Mowbot, Inc. provides a franchise platform for robotic lawn care services for residential and commercial customers. Mowbot, Inc. was founded in 2017 and is based in Durham, North Carolina.

Buy -
Mergr

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