Husqvarna Group plans to discontinue its non-core stone diamond tools business within the Construction Division, which will result in the shut down of its manufacturing operations for stone diamond tools in Belgium, Portugal, and Greece, along with all global service centers and sales activities linked to the stone business worldwide. The stone diamond tools business currently employs approximately 200 people.

“This is fully aligned with the Group’s strategy to transform to profitable growth through disciplined portfolio management and more focused capital allocation. Going forward, a more streamlined product portfolio will enable us to prioritize investments in innovation in segments with the strongest potential to deliver margin expansion and attractive returns,” says Glen Instone, CEO of Husqvarna Group.