For more information: Available in more than 60 countries, Fiskars products solve everyday problems, making daily home, garden and outdoor projects easier and more enjoyable through their superior performance and design.Fiskars is listed on NASDAQ OMX Helsinki, and in 2013 the company’s net sales were 799 million euro.The acquisition is not estimated to have a positive effect on Fiskars EBIT excluding non-recurring items in 2015.Over time, Fiskars will pursue synergies by augmenting product innovation, leveraging category adjacencies and streamlining processes across brands as opportunities arise.With brands such as Bosch, SKIL® and Dremel®, the division stands for customer focus and great engineering progress.The core success factors are innovative strength and pace of innovation.
In 2014 Bosch Power Tools will again launch more than 100 new products onto the German market in its four business segments power tools, accessories, measuring tools and garden tools.
“Our acquisition of the Nelson and Gilmour brands is in strong alignment with Fiskars’ strategy, which includes the opportunity to expand our business in adjacent categories that complement our existing portfolio.
This addition to the group brings with it industry-leading expertise in watering, which is globally one of the largest gardening categories,” said Kari Kauniskangas, president and CEO of Fiskars Group.
The transaction will be financed by Fiskars’existing credit facilities.
The acquired watering business will become a part of the Fiskars’ Americas segment immediately following the purchase, and Fiskars expects to record non-recurring expenses related to the integration of the business starting already in 2014.