Husqvarna Group Acquires Orbit Irrigation from Platinum Equity
December 1, 2021
Husqvarna Group agreed to acquire Orbit Irrigation from Platinum Equity in a transaction valuing Orbit at approximately $480 million. Orbit, a Salt Lake City–based maker of residential watering equipment and smart B-hyve devices (about 1.4 million connected devices), will join Husqvarna's Gardena Division to create a global leader in residential watering.
- Buyers
- Husqvarna Group
- Targets
- Orbit Irrigation
- Sellers
- Platinum Equity
- Industry
- Consumer Products
- Location
- Utah, United States
- Transaction Type
- Divestiture
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