In a recent development, HTC Sweden was possessed by Danish private equity investor Polaris around May 2013. In terms of professionalism, HTC is a recognised global manufacturer as well as developer of high quality floor solutions and floor grinding systems. HTC Sweden was established in 1987 by Gunn and also Hakan Thysell, who also remain majority owners having a 60% share subsequently after the company was purchased by Polaris. In addition, 3i Group sold their interest of 40% to Polaris.
HTC Sweden is headquartered within Soderkoping, Sweden. Lately the organization has experienced rapid growth through releasing new items and expanding into new marketplaces. Currently, coverage of HTC Sweden is in more than 60 nations, which include United Kingdom, U. S, France as well as Germany. Revenues of HTC Sweden were around SEK 370m in year 2012.
When it comes to creativity and greatest techniques of floor preparation and floor solutions, in comparison to alternatives methods and solutions offered by its competitors HTC Sweden produces probably the most studier, less expensive, longer-lasting, and better choices for the environment. Within the global market regarding diamond cleaning system, floor grinding machines, as well as polished concrete, HTC Sweden continues to be recognised as the key innovator.
Polaris is now supporting HTC Sweden in an ambitious growth technique, that is based strongly upon expansion both acquisitive and also organic. For ongoing focus on innovation that would help to create strong consumer loyalty and a competitive benefit, Polaris will assist HTC to do this.
Comment from Peter Ankerst, partner at Polaris who had been enthusiastic about the buyout of HTC Sweden, stated the business was very scalable and led by a visionary administration. Additionally, Lars Landin, the current CEO of HTC Sweden, mentioned that having Polaris as an owner will mean wider access to capital resources and skills required in order to reap advantages of the following stage of advancement.
HTC Sweden is excited about using its grinding technology upon asphalt roadways in Sweden for its pending future projects. HTC Sweden has acquired a grant of SEK 4 million to be able to run the job named “Via Futura”. The life of a road could be improved by as much as 50% according to HTC Sweden estimations. The estimated date of completing the project is around Dec 2015. The actual grinding can be achieved on areas of the roadway or even across its entirety.
Polaris Private Equity is based around Copenhagen, Denmark. Polaris has invested in 28 companies, made 14 realizations, and completed 50 additional acquisitions, since its founding in 1998. Board of Independent Executive Directors subject all investment decisions made by a committee composed of the Polaris’ partners to final authorization. Polaris’ strategy is to focus on lower mid-market businesses in Sweden and also Denmark given their powerful potential. Additionally, Polaris is known for trading in market leaders or even niche companies. Peter Ankerst is part of a team consisting of 2 Swedish and also five Danish partners. Investors for Polaris’ Fund III is composed of fund of funds, family money and private investors, insurance and life-insurance businesses, banking institutions, and pension funds.
Peter Ankerst’s Polaris is only one of several much talked about private equity firms operating out of Sweden. There are many other high profiles for example Nordic Capital’s Fund V (Managing Partners Joakim Karlsson and also Kristoffer Melinder) and also Triton Partners Investment Committee Pedar Prahl.
