Hints and tips:
...It has also signed up Flymo maker Husqvarna to use its technology to connect lawnmowers....
...He sits on the boards of Investor, the main Wallenberg investment vehicle, and Husqvarna, the maker of lawnmowers and chainsaws....
...Deutsche Bank cut its price target for Husqvarna , the Swedish producer of outdoor power products, from SKr37 to SKr30. The shares, however, climbed 1.3 per cent to SKr28.26....
...Under Mr Stråberg, the company narrowed its once-sprawling brand portfolio – Frigidaire, AEG and Zanussi are among the handful of survivors – and spun off Husqvarna, its former garden equipment business....
...He followed in his father’s footsteps into the Wallenberg sphere, starting as president of Husqvarna Motorcycles at the age of 27....
...And what not to own: The ones to avoid: Acergy, Acerinox, AstraZeneca, Barry Callebaut, Clariant, Diageo, Drax, Ericsson, Fiat, Hermes, Husqvarna, Italcementi, IVG, Lagardere, Nordea, Oriflame, Panalpina...
...The market comprises only three companies of any size: Husqvarna of Sweden; Zucchetti Centro Sistemi, an Italian company; and Israel’s Friendly Robotics....
...Traders pointed out that Michael Treschow, Unilever’s incoming chairman, built his reputation at Electrolux where he set in motion the process that led to the demerger of Husqvarna, its power tools business...
...Hans Stråberg, chief executive, said strong cash flow and last month’s spin-off of Husqvarna, its outdoor power tools unit, meant it had excess capital that would be distributed to shareholders....
...Trading in Husqvarna shares is expected to start on June 13....
...At those prices Husqvarna was worth around SKr24bn, some Skr6bn less than most analysts had forecast....
...The future Electrolux will comprise the Indoor Products business, with the Outdoor Products division being floated off and listed separately in June under the name Husqvarna....
...MV Augusta, which is under bankruptcy protection, makes bikes under the Augusta, Cagiva and Husqvarna brands....
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