Exiting stone diamond tool sales
Husqvarna Group intends to discontinue its non-core stone diamond tools business.
As part of the commitment to transforming towards profitable growth and strategic portfolio management, Husqvarna Group plans to discontinue its non-core stone diamond tools business within the Construction Division.
Consequently, Husqvarna's Construction Division plans to shut down its 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. 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,” says Glen Instone, CEO of Husqvarna Group.
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. 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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