Husqvarna acquires Orbit Irrigation
Clients Husqvarna AB
Jones Day is advising Husqvarna AB on the acquisition of Lunar Holding Corporation (“Orbit Irrigation”) for $480 million in cash, subject to customary purchase price adjustments.
Orbit is in the business of designing, sourcing, producing, and distributing products (and related services) for residential, commercial and agricultural watering and garden tools and is majority owned by affiliates of Platinum Equity.
The transaction is subject to HSR clearance and other customary closing conditions and is expected to be completed in the fourth quarter of 2021.