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Chervon Acquires Power Tool Brands SKIL, SkilSaw from Bosch.

M2 EQUITYBITES-February 27, 2017-Chervon Acquires Power Tool Brands SKIL, SkilSaw from Bosch

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27 February 2017 - Chicago, US-based power tool, outdoor power equipment manufacturer Chervon has acquired power tool brands Skil and SkilSaw from Ill.-based tool company Robert Bosch Tool to leverage its position in the North American market, the company said.

Terms of the transaction were not disclosed.

Chervon said it aims to provide resources to expand the Skil and SkilSaw brand with a focus on professional cutting, leveraging worm drive technology.

Chervon focuses on hand-held portable power tools, stationary bench tools, laser and electronic equipment and outdoor power equipment.

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Publication:M2 EquityBites (EQB)
Date:Feb 27, 2017
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