The Platform Group AG: Expansion of the Forestry and Gardening Technology Business [Yahoo! Finance]
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
husqvarnagroup.com/en/ir
Company Research
Source: Yahoo! Finance
platform solutions, has increased the stake in the company Simon-Profi-Technik GmbH, Kaiserslautern, and in the Motorprofi.com platform to 100%. A contract for the remaining shares was signed with the owners as of September 2024. Closing is expected for December 2024. The parties have agreed not to disclose the purchase price. The main partners of the Motorprofi platform are Stihl, Husqvarna, Honda, Stiga, Makita, and Sabo. In addition, the company Angermeier Garten- und Forsttechnik, Pirmasens, was acquired by Simon-Profi-Technik GmbH as part of an asset deal. Signing and closing took place in September 2024. Angermeier Garten- und Forsttechnik employs staff at the Pirmasens site and sells branded products online via the Motorprofi.com platform. Tobias Musolf, Managing Director at Simon-Profi-Technik: "We are very pleased to further expand our platform and strengthen the forestry and gardening technology sector. Since the takeover by TPG, we have significantly expanded our dealer
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