Electrolux Outdoor Becomes Husqvarna

OLATHE, Kan. – Husqvarna is the new name – and ownership – for Electrolux Construction Products.
The move is part of a strategy from Stockholm-based Electrolux Group developed earlier this year to spin off operations under its Outdoor Products area. The move includes the construction-products area, which includes brands such as Diamant Boart, Dimas, Partner, Target and Felker.
Beginning next month, the brands will come under the Husqvarna Construction Products banner. However, the existing personnel and corporate structure will remain in place – only the name is set to change.
Electrolux’s Outdoor Products, including the construction brands, will be part of Husqvarna AB, with $3.6 billion in sales. Electrolux stockholders will receive shares in the new company, which will be listed on the Stockholm Stock Exchange; the spinoff is set for completion in mid-2006.