Husqvarna Group to acquire ETwater - expanding Gardena Division's commercial offering in North America

Rhea-AI Summary

Husqvarna Group acquires ETwater, a leader in smart irrigation management, to enhance solutions for enterprise customers in North America.

STOCKHOLM, March 13, 2024 /PRNewswire/ -- Husqvarna Group has signed an agreement with Rivulis Irrigation to acquire ETwater, a pioneer in smart irrigation management for the commercial market in North America. As part of Orbit within the Gardena Division, ETwater will become the nucleus for a newly formed unit, dedicated to providing solutions for enterprise customers.

ETwater is servicing customers ranging from municipalities, commercial facilities, and campuses to large residential communities with water management solutions. Both Orbit's and ETwater's systems integrate data science and predictive analytics about weather and other environmental variables to automatically create and program site-optimized irrigation schedules.

"Husqvarna Group has a leading position in residential watering in North America, and adding ETwater's strong team and proven technology combined with our B-Hyve capability gives us the opportunity to expand our commercial offering in the North American market," says Pär Åström, President Gardena Division.

ETwater has a total of ten employees and sales amounted to 2.6 MUSD in 2023. The formal transaction is expected to close in March 2024.

For additional information, please contact:
Media
Henrik Sjöström, Head of External Communications
+46 727 15 77 85
press@husqvarnagroup.com 

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

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https://news.cision.com/husqvarna-group/r/husqvarna-group-to-acquire-etwater---expanding-gardena-division-s-commercial-offering-in-north-ameri,c3944012

The following files are available for download:

https://mb.cision.com/Main/996/3944012/2661603.pdf	Husqvarna Group to acquire ETwater â€" expanding Gardena Division’s commercial offering in North America
https://news.cision.com/husqvarna-group/i/etwater-smart-box,c3277119	ETwater Smart-Box

 

 

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SOURCE Husqvarna AB

FAQ

What company has Husqvarna Group acquired in the smart irrigation management sector?

Husqvarna Group has acquired ETwater.

What market is ETwater focused on?

ETwater focuses on the commercial market in North America.

What type of customers does ETwater serve?

ETwater serves customers ranging from municipalities, commercial facilities, and campuses to large residential communities.

What division will ETwater be part of within Husqvarna Group?

ETwater will be part of the Orbit division within the Gardena Division.