Husqvarna Group Acquires Diamond Tool Supply

Husqvarna Group’s Construction division has acquired Diamond Tool Supply Inc. out of Michigan, USA, a leading producer of polishing and grinding diamond tools for concrete, stone and terrazzo.

“The acquisition of Diamond Tool Supply reinforces our position as a market leader of complete solutions for the construction grinding and polishing industry,” says Henric Andersson, President Husqvarna Group’s Construction Division.

The acquisition will add sales of around USD 5.8m (approximately SEK 47m), mainly in the US, to Husqvarna Group’s Construction division, based on the full-year 2015 accounts. Diamond Tool Supply (DTS) has around 70 employees.

“With the acquisition of DTS comes a strong customer base that we will continue to support and expand as well as manufacturing operations in Bulgaria, both being valuable assets to our diamond tool business,” continues Henric.

The acquired operation will be included in Husqvarna Group’s accounts as of May 3, 2016.