M&A Partners Acts as Corporate Advisor to Neta Industries on Sale to Husqvarna AB

Husqvarna AB (OM:HUSQ B) has acquired Neta Industries Pty Ltd, a leading supplier of garden watering tools and accessories.

Neta Industries is a heritage Australian brand with a 60 year history of providing quality garden watering accessories into the Australian retail market. The Neta brand of products has strong distribution Australia wide with over 1,000 customers stocking the Neta range of hoses, fittings and accessories. Husqvarna’s acquisition of Neta will complement the company’s existing range of garden supplies which are marketed under the Gardena brand.

Antony Lynch, Director at M&A Partners said, “Neta is a strong strategic fit within the Husqvarna business. With strong integration synergies between the two companies, it will be great to see a strong Australian brand continue to flourish in the future”.