Cade approves purchase of Husqvarna shares by Bosch

The purchase of Husqvarna shares by Bosch was approved by the Administrative Council for Economic Defense (Cade). Although the operation takes place worldwide, the revenue of companies in Brazil generated a legal obligation for the business to be analyzed by the federal authority.

The deal consists of the purchase, by Robert Bosch GmbH, through its wholly-owned subsidiary, Robert Bosch Investment Nederland BV (based in the Netherlands), of a minority stake (approximately 7,19%) in Husqvarna AB, owned by J.P. Morgan SE.

Upon completion of the deal, Bosch will become the owner of 12% of Husqvarna shares (with voting rights of less than 5%). Graphically, the question will look like this:

About Bosch

Bosch belongs to the Bosch Group, based in Germany. Its operations are divided into four sectors: (a) mobility solutions; (b) industrial technology; (c) consumer goods; (d) energy and construction technology.

Some of the legal entities that belong to the Bosch Group in Brazil: (a) Bosch BASF Smart Farming Ltda.; (b) Bosch Management Support Ltd.; (c) Bosch Rexroth Ltda.; (d) Bosch Soluções Integradas Brasil Ltda.; (e) Bosch Telecom Ltda.; (f) HydraForce Hydraulics Ltda.; (g) Metapar Usinagem Ltda.; (h) Robert Bosch Centro de Comunicação Ltda.; (i) Robert Bosch Direção Automotiva Ltda.; (j) Robert Bosch Ltda.; (l) Sia Abrasivos Industriais Ltda.

About Husqvarna

Husqvarna is a Swedish legal entity, headquartered in Jönköping, in the south of that country. Its activities began in 1689. It produced muskets (below). Currently, in Brazil, it stands out for products for use in forests, parks and gardens. It operates here as a manufacturer and importer of products under the brands Husqvarna, Gardena and Diamant Boart.

What is a musket?

A musket is a long weapon that emerged at the beginning of the 16th century. Initially as a heavier variant of the arquebus, capable of penetrating plate armor. The musket is an infantry firearm. It was used from the 16th century to the 19th century. It is characterized by being loaded through the muzzle.