Bosch to acquire a 12% stake in Husqvarna.

Bosch, an engineering and technology company, agreed to acquire a 12% stake in Husqvarna, a manufacturer of outdoor power products. Financial terms were not disclosed. “We are pursuing a systematic growth strategy with our business activities for consumers. This also includes strengthening existing partnerships through equity interests. Our ‘Power for All Alliance’ for rechargeable batteries is a success story that we want to continue,” Christian Fischer, Bosch Deputy Chairman.