Swedish manufacturer Husqvarna Group has agreed the acquisition of Pullman Ermator, as it looks to expand its construction division.
Pullman Ermator, which is headquartered in Smedjebacken, Sweden, manufactures dust extractor systems, dry and wet vacuums, and air scrubbers for the light construction industry.
Pullman Ermator’s revenues for 2016 were around SEK300 million (€31.48 million), and Husqvarna said the acquisition would have a “limited positive effect” on the group’s operating income and net results for 2017.
The deal is expected to close mid-January 2017.
Kai Wärn, president and CEO of Husqvarna Group, said, “The acquisition of the fast-growing and highly profitable market leader Pullman Ermator is an excellent strategic fit to Husqvarna Group's construction division.
“It shall be seen in the perspective of our strategic intent to grow the construction division's share of the group.
Meanwhile, Henric Andersson, president of Husqvarna construction division, said, “By integrating Pullman Ermator's market leading dust and slurry management solutions into Husqvarna's concrete cutting, drilling and grinding systems, we can provide even more efficient total solutions for our customers.