Husqvarna Group’s construction division has signed an agreement to acquire Blastrac, a leading provider of surface preparation technologies for the global construction and remediation industry. The Blastrac Product Portfolio includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding, and polishing and dust collection. Blastrac’s net sales during the last 12 months amounted to approximately $72.5 million.
“The acquisition aims to further build and expand our offering in the market for surface preparation. Blastrac's business fits well into our growth strategy and will enable us to expand to our existing and new customers,” said Karin Falk, President, Construction Division. “In addition, the Blastrac team will bring extensive product and market expertise with these complementary solutions.”
The parties aim at closing the acquisition by the end of 2020.
In addition, Husqvarna construction products is consolidating its brand portfolio in the surface preparation segment. HTC products, services, and solutions will be rebranded as Husqvarna and integrated into the global offering. Husqvarna acquired HTC in 2017, and has since worked with the two brands closely in a multi-brand setup. The consolidation brings new opportunities to focus efforts and investments in product and service development.
New HTC services will be available under the Husqvarna brand in early 2021.
