Husqvarna Group has been informed that Bosch has agreed to acquire shares in Husqvarna AB

Bosch has announced its intention to acquire shares in Husqvarna AB, aiming for approximately 12% ownership, pending approval.

Rhea-AI Summary

Bosch has announced its intention to acquire shares in Husqvarna AB, aiming for approximately 12% ownership, pending approval. This partnership signifies a deeper collaboration, particularly in the electrification efforts exemplified by the Power for All Alliance. Tom Johnstone, Chairman of the Board of Directors at Husqvarna Group, expressed enthusiasm about Bosch's involvement as a significant shareholder. Importantly, no new shares have been issued by Husqvarna AB.

Positive

• Strategic partnership with Bosch may enhance Husqvarna's electrification initiatives through the Power for All Alliance.
• Bosch's significant shareholding could lead to increased market confidence and potential investments.

Negative

• None.

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STOCKHOLM, Jan. 27, 2023 /PRNewswire/ -- Bosch has issued a press release this morning stating that they have agreed to acquire shares in Husqvarna AB, subject to an approval, and that their shareholding would then amount to roughly 12 percent.

• We welcome Bosch as a large shareholder in the Husqvarna Group. We have collaborated closely during the development of the Power for All Alliance which is supporting our electrification journey, says Tom Johnstone, Chairman, Board of Directors, Husqvarna Group.

No new shares in Husqvarna AB have been issued.

For additional information, please contact:
Media
Fredrik Henriksson, Vice President Corporate Communications
+46 767 19 59 25
Fredrik.henriksson@husqvarnagroup.com

Investors
Johan Andersson, Vice President Investor Relations
+46 702 100 451
ir@husqvarnagroup.com

The following files are available for download:

https://mb.cision.com/Main/996/3704594/1810214.pdf

Husqvarna Group has been informed that Bosch has agreed to acquire shares in Husqvarna AB

 

 

View original content:https://www.prnewswire.com/news-releases/husqvarna-group-has-been-informed-that-bosch-has-agreed-to-acquire-shares-in-husqvarna-ab-301732340.html

SOURCE Husqvarna Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of Bosch acquiring shares in HSQVY?

Bosch's acquisition of shares in Husqvarna AB (HSQVY) marks a strategic alliance that could enhance Husqvarna's electrification initiatives and increase market confidence.

How much of Husqvarna AB will Bosch own after the acquisition?

After the acquisition, Bosch is expected to own approximately 12% of Husqvarna AB (HSQVY), pending approval.

Who commented on Bosch's share acquisition in Husqvarna?

Tom Johnstone, Chairman of the Board of Directors at Husqvarna Group, welcomed Bosch as a significant shareholder and emphasized the collaboration on the electrification journey.

Are new shares being issued for the acquisition of HSQVY?

No new shares in Husqvarna AB (HSQVY) have been issued as part of Bosch's acquisition.

When was the announcement about Bosch's acquisition of HSQVY made?

The announcement regarding Bosch's acquisition of shares in Husqvarna AB (HSQVY) was made on January 27, 2023.