Husqvarna Group’s construction division, which provides equipment and diamond tools for the construction and stone industries, has agreed to acquire drilling tools company Heger.
Heger is a privately owned business, founded in 1908 and specialised in professional diamond tools for European sawing and drilling contractors in wall, floor and road sawing as well as core drilling.
“The acquisition of Heger will strengthen and complement our core concrete sawing & drilling business in Central Europe,” said Henric Andersson, president & CEO, Husqvarna Group.
Heger’s headquarters and its manufacturing facility is located in Heitersheim, Germany and the company has sales offices in Germany and the Netherlands. Heger has around 45 employees and around €9m in annual sales.
“Heger’s highly appreciated flexible production, short delivery times, and high performance and quality products will add significant value to our offer to customers in the Central European diamond tools market and fits well into our growth strategy,” said Karin Falk, president of Husqvarna’s construction division. “Our combined strengths create an excellent platform for further growth in the diamond tools market for professional contractors.”
Closing of the transaction is expected to occur in Q2, 2022 and is subject to customary closing conditions.
