Husqvarna to acquire InCeres (Pink Limited Info:HSQVY)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: SeekingAlpha
Acquisition Announcement: Husqvarna Group has agreed to acquire InCeres, a Brazilian digital platform focused on professional light agriculture, aiming to enhance food production efficiency amid challenges like climate change and reduced farmland.
Company Growth: InCeres, established in 2014, has shown significant growth with sales reaching SEK 9.3 million in 2023, marking a 50% increase from the previous year, and will be integrated into Husqvarna's Light Agriculture business unit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
