Einhell Germany AG (XTRA:EIN3) entered into an agreement to acquire 66.67% stake in Outillages King Canada, Inc. from family on February 17, 2022. The principal shareholder of King Canada, Howard Richman, will retain a one-third ownership interest and will continue as President of King Canada and serve on King Canada's board of directors. Einhell, as the majority shareholder, and Howard Richman, as minority shareholder, will have mutual options to transfer the remaining share if specific conditions are met.

The transaction is expected to close on March 1, 2022.