Calling it a sharpening of “its focus on core products,” the Wacker Neuson Group said it has sold its concrete power trowel business to Husqvarna.
Husqvarna is acquiring all the product, research and development, and manufacturing assets relating to walk-behind and ride-on concrete power trowels, which will be added to its Construction Division. Sales in the power trowel segment in 2018 amounted to about $15 million.
Martin Lehner, CEO of Wacker Neuson, said, “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. Wacker Neuson said it 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.
Wacker Neuson said its business with concrete internal and external vibrators remains unaffected by the sale.