Huskvarna

"When Kim Wahl called Electrolux and asked to buy one of their subsidiaries, the old sewing machine manufacturer Huskvarna, he was turned down several times. “We don’t want to sell, Huskvarna is part of our core business,” was the response."

"What he means is that there has previously been a lack of large owners outside the stock market. And if a listed company succeeds in selling off divisions that do not belong to its core business, management can concentrate on what it does best and increase investment and profitability there. Experience shows that with the right owners, these sold divisions can develop and grow significantly more than they would have within the old group. But it is a matter of judgment what belongs to the core. Volvo sold its subsidiary Huskvarna’s sewing machines to IK, but diapers remained for the time being in SCA."