Husqvarna signs agreement for acquisition of Jenn Feng outdoor products operation

Husqvarna signs agreement for acquisition of Jenn Feng outdoor products
operation

Husqvarna has signed an agreement with Jenn Feng Co., Ltd. for acquisition of
the company's operation in outdoor products.

Jenn Feng, a listed Taiwanese company, is a leading producer of chainsaws and
trimmers for the consumer market. The product offering also comprises lawn
mowers, high-pressure washers and generators.

In 2007 the operation to be acquired reported sales of approximately USD 120m
(approx. SEK 800m), of which more than half referred to Europe. Chainsaws
accounted for 50% of sales. The company has about 1,250 employees, and
production is mainly based in China.

The acquisition gives the Husqvarna Group a greater presence as well as a wider
manufacturing base in Asia. It also gives Husqvarna access to the McCulloch®
brand in the North American market. Husqvarna already owns the rights to this
brand in Rest of the world.

The acquisition is scheduled for completion in the second quarter of 2008,
subject to approval by the relevant authorities and the Annual General Meeting
to be held by the Jenn Feng Co., Ltd.

“Jenn Feng products will complement the Husqvarna range of handheld outdoor
products for the consumer market, says President and CEO Bengt Andersson. The
operation is a very good fit with Husqvarna, and offers substantial
opportunities for increasing sales of Jenn Feng products through our global
sales organization. McCulloch® is a well-known brand that will be a good
complement to our other brands in North America”.

For more information, please contact Åsa Stenqvist, Senior Vice President,
Corporate Communications and Investor Relations, tel. +46 8 738 64 94


Husqvarna is the world's largest producer of lawn mowers, chainsaws and portable
petrol-powered garden equipment such as trimmers and blowers. The Group is also
a world leader in diamond tools and cutting equipment for the construction and
stone industries. Net sales in 2007 were SEK 33.3 billion and the average number
of employees was 16,000.