Husqvarna
Group and Briggs & Stratton, LLC have reached a settlement with regards to
the supply of engines for ride-on mowers. Under the terms of the settlement,
B&S will provide the majority of the engines needed ahead of the 2022
season. Additionally, the parties have agreed to maintain a modified supply
relationship into the 2023 season.
READ MORE: Previously, Husqvarna
filed a lawsuit to compel to deliver all engines in its orders. Learn more about
it, here.
Husqvarna
Group previously communicated a potential negative financial impact in 2022 as
a result of a lack of engine supply. The settlement means that the lawsuit
against B&S is withdrawn, and that Husqvarna Group no longer anticipates a
material financial impact from this issue.
"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.
For more information,
click
here.