Husqvarna and Briggs & Stratton reach engine supply agreement
By Julian Buckley15 November 2021
Husqvarna Group and Briggs & Stratton (B&S) have reached a settlement covering the supply of engines for ride-on mowers.
Under the terms of the agreement, B&S will provide the majority of engines needed for production ahead of the 2022 season. Additionally, the parties have agreed to maintain a modified supply relationship into the 2023 season.
Husqvarna Group had been forecasting a potential ‘negative financial impact’ over 2022 due to the lack of engines. The company is no longer anticipating that loss, while the lawsuit against B&S has been withdrawn.
“We have achieved a satisfactory outcome that allows us to secure products for our customers in 2022,” said Glen Instone, acting president, Husqvarna Division, and CFO Husqvarna Group.