Polaris Private Equity, a leading Danish/Swedish midmarket private equity investor, has successfully acquired HTC Sweden AB, a global developer and manufacturer of professional floor grinding systems and floor solutions.
Polaris has acquired the company from Håkan and Gunn Thysell, who founded HTC in 1987. 3i Group and former management, who held 40 percent, have also sold their interest in the company to Polaris.
Headquartered in Söderköping, Sweden, HTC has been growing rapidly in recent years, driven by expansion into new geographic markets and the launch of new products. The company has 165 employees, and subsidiaries in the United States, Germany, the U.K. and France, with coverage of an additional 60 countries through distribution partners.
Polaris will focus on growing HTC based on organic and acquisitive expansion. The company will seek to consolidate its position in key geographies such as Europe and the U.S., as well as extend its offerings into emerging markets such as China and Brazil.