We are pleased to announce that the formal purchase transaction between the Husqvarna Group, Stockholm Sweden, and Platinum Equity, Beverly Hills —which was subject to customary regulatory approval—successfully closed on November 30, 2021. The resulted action is that Hydro-Rain and all associated brands are now owned by the Husqvarna Group and are aligned within their Gardena Division located in Ulm, Germany. Hydro-Rain’s day-to-day business activities will continue to be run by its current management team, primarily located in North Salt Lake, Utah.
Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries. Net sales in 2020 amounted to SEK 42bn and the Group has around 13,000 employees in 40 countries.