Husqvarna to acquire HTC Group

Husqvarna Group’s Construction Division is in the midst of acquiring the floor grinding solutions division of HTC Group AB, one of the market leaders in floor-grinding solutions. Husqvarna also recently acquired Pullman Ermator and Diamond Tool Supply. “The HTC team brings extensive floor grinding product and application expertise which combined with Husqvarna’s global reach and scale gives us a stronger position to grow the polished flooring market, and help our customers to achieve beautiful and easily maintained floors at lower environmental impact. Together we will also explore synergies in areas including sourcing and technology,” says Henric Andersson, president of Husqvarna Construction. Sales in 2016 for HTC Floor Grinding Solutions was approximately SEK $380 million (U.S. $42.4 million). About 150 employees are mainly located in Sweden and in the fully owned subsidiaries in France, Germany, U.K. and the U.S., which also are the biggest markets in terms of sales. HTC is currently owned by Polaris, a leading Nordic private equity company. The acquisition of HTC Floor Grinding Solutions is expected to be finalized by midyear. It is subject to approval from competition authorities and the impact on Husqvarna Group’s earnings in 2017 will be limited.

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