The story
The company was founded by the furniture maker Johan Hägglund in 1898.
In 1972, the Hägglund family sold the company to ASEA, another former Swedish engineering company. The Hägglund & Söner company was wound up in 1993, but many of the company's businesses still survive, in varied ownership:
The rolling stock business remained within the ASEA group, and with subsequent mergers became in turn part of ABB, Adtranz, Bombardier Transportation and now Alstom.
The crane business was sold to MacGregor in 1993 and is now owned by Cargotec.
The military vehicles business was sold to Alvis plc in 1997, and was acquired by BAE Systems in 2004, operating as the BAE Systems Hägglunds subsidiary.
The hydraulic motor business was sold to Atle AB, was owned for several years by Ratos and was bought by Bosch in 2011, operating as part of the Bosch Rexroth subsidiary and retaining the original name in its Hägglunds product range.
BAE Systems Hägglunds, Bosch Rexroth and Cargotec all maintain manufacturing facilities in Örnsköldsvik. BAE Systems Hägglunds and Bosch Rexroth jointly sponsor the Hägglunds Arena, a sporting arena in the town.
From Wikipedia’s article on Hägglund & Söner, shared under CC BY-SA 4.0.3
