License agreement with BMW on Husqvarna brand

10/3/2007 11:30 AM EST

Husqvarna has signed a license agreement with BMW of Germany regarding the use of the Husqvarna brand for motorcycles. The agreement was signed in connection with BMW’s acquisition of the motorcycle-operation from MV Augusta of Italy, which has now been finalized.

The license agreement stipulates that BMW has the right to use the Husqvarna brand for motorcycles as well as related products and services.

Husqvarna manufactured motorcyles from 1903 until 1987. The operation was then sold to Cagiva of Italy, which is part of MV Augusta. Husqvarna is one of the world’s oldest and most renowned motorcycle brands, with a large number of world championships in Enduro and motocross.

For more information, please contact Åsa Stenqvist, Senior Vice President, Corporate Communications and Investor Relations, tel. +46 8 738 64 94