The decision comes after the solutions provider decided to intensify its focus on its core technologies through its Atlas Copco Power Technique business area.
The divestment transaction will include the complete concrete and compaction product ranges (including plate compactors, tandem rollers and concrete vibrators), the production facility in Ruse, Bulgaria, as well as production assets in Nashik, India, along with sales and service operations worldwide.
“This development will now enable us to create focus within our business area to further accelerate growth in our core technologies of air, power and flow,” explains Philip Herselman, General Manager, Power Technique, Atlas Copco Industrial South Africa.
Atlas Copco Power Technique, which recently evolved out of the success of the Construction Technique business area, brings complete air, power and flow solutions and services to mining and industry.
Business as usual
“With this development it is important to know that Atlas Copco remains committed to our channel partners. We will work hand-in-hand with Husqvarna to ensure a smooth transition and continuity in supply and support, albeit under a new brand and working with a new organisation. In essence, it will be business as usual,” Herselman notes.
Herselman says that in terms of their remaining product offering and strategy referenced to earlier, Portable Energy will now be evolved into two divisions to bring more focus. “This process is ongoing now and this move will enable our Power Technique business area to accelerate research and development within its newly formed Portable Air and Power and Flow divisions.”
“Our commitment to the construction industry, along with many others served, remains as strong as ever. We now have a more streamlined product portfolio through which we can more deeply focus our resources to add real innovation and differentiation,” concludes Herselman.