M&A Deal Summary

Husqvarna Acquires GARDENA Manufacturing

On December 21, 2006, Husqvarna acquired consumer products company GARDENA Manufacturing from IK Partners for 730M EUR

Acquisition Highlights
  • This is Husqvarna’s 1st transaction in the Consumer Products sector.
  • This is Husqvarna’s 0th largest (disclosed) transaction.
  • This is Husqvarna’s 1st transaction in Germany.

M&A Deal Summary

Date 2006-12-21
Target GARDENA Manufacturing
Sector Consumer Products
Buyer(s) Husqvarna
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 730M EUR

Target

GARDENA Manufacturing

Ulm, Germany
GARDENA Manufacturing GmbH is a gardening equipment companies in Europe. Gardena manufactures garden irrigation equipment, garden care products as well as water pumps and pond products.

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Buyer(S) 1

Buyer

Husqvarna

Stockholm, Sweden

Category Company
Founded 1689
Sector Machinery
Employees12,596
Revenue 48.4B SEK (2024)
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 3 of 16
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 14
Country: Germany M&A 1 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Yazoo-Kees

Charlotte, North Carolina, United States

Yazoo-Kees is a manufacturer and distributor of landscape maintenance equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-05 Soff-Cut International

Corona, California, United States

Soff-Cut is the innovator and producer of early-entry concrete sawing equipment and replacement blades. Its products enable the concrete construction industry to greatly reduce or eliminate the early, random cracking of concrete slabs and flatwork.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 40 of 122
Sector: Consumer Products M&A 3 of 6
Type: Add-on Acquisition M&A Deals 17 of 44
Country: Germany M&A 2 of 15
Year: 2006 M&A 6 of 6
Size (of disclosed) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-11 Consolis

Brussels, Belgium

Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements. Consolis was founded in 2005 and is based in Brussels, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 Magotteaux SA

Vaux-sous-Chevremont, Belgium

Magotteaux SA is the global supplier of grinding media and mill internals used in the cement industry, in mining and in coal-fired utility plants. Magotteaux also produces castings for the aggregate and dredging industries.

Buy -