Husqvarna Set to Discontinue Non-Core Diamond Tool Business
Husqvarna is set to discontinue its non-core stone diamond tool business.
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Plans call for Husqvarna’s Construction Division to shut down manufacturing operations for stone diamond tools in Belgium, Portugal, and Greece, along with all global service centers and sales activities linked to the stone business worldwide.
“This is fully aligned with the Group’s strategy to transform to profitable growth through disciplined portfolio management and more focused capital allocation,” said Glen Instone, CEO of Husqvarna Group. “Going forward, a more streamlined product portfolio will enable us to prioritize investments in innovation in segments with the strongest potential to deliver margin expansion and attractive returns,”
The exit will reduce net sales by approximately SEK 250 million on a full-year basis and will have a slightly margin-accretive impact on the operating margin in the division.
The stone diamond business is currently reported in the Sawing and Drilling Business Portfolio Unit. A full withdrawal is expected to be completed by the end of 2026.
The stone diamond tools business currently employs approximately 200 people.
According to Husqvarna, the intended withdrawal process will be prepared and carried out in each affected country, with consideration and care for our employees, and in consultation with works councils and unions with the aim of ensuring a responsible exit.
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