Husqvarna Group completed the acquisition of Orbit Irrigation from Platinum Equity for $480m.

Husqvarna Group, a Swedish manufacturer of outdoor power products, completed the acquisition of Orbit Irrigation, a provider of watering equipment, from Platinum Equity, a private equity firm, for $480m. "Orbit's success is the result of a strong partnership with the company's leadership team and a lot of hard work by dedicated employees at every level of the organization. We deployed the full range of Platinum's M&A and operational toolkit in service of transforming the company into an industry leader, and we are proud of everything the company has accomplished," Jacob Kotzubei, Platinum Equity Partner.