M&A Deal Summary

Husqvarna Acquires HTC Group AB

On March 7, 2017, Husqvarna acquired machinery company HTC Group AB from Polaris Private Equity

Acquisition Highlights
  • This is Husqvarna’s 7th transaction in the Machinery sector.
  • This is Husqvarna’s 3rd transaction in Sweden.

M&A Deal Summary
Date 2017-03-07
Target HTC Group AB
Sector Machinery
Buyer(s) Husqvarna
Sellers(s) Polaris Private Equity
Deal Type Add-on Acquisition

Target

HTC Group AB

Soderkoping, Sweden
HTC Group AB is a developer and manufacturer of professional floor grinding systems and floor solutions.

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Buyer(S) 1

Buyer

Husqvarna

Stockholm, Sweden
Category Company
Founded 1689
Sector Machinery
Employees13,963
Revenue 53.3B SEK (2023)
DESCRIPTION

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 9 of 16
Sector (Machinery) 7 of 10
Type (Add-on Acquisition) 8 of 14
Country (Sweden) 3 of 3
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 HTC Floor Grinding Solutions

Soderkoping, Sweden

HTC Floor Grinding Solutions is a developer of professional grinding machines, dust extractors, diamond tools etc. for preparation of concrete floor, granite, natural stone and wood.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Franklin Robotics

Billerica, Massachusetts, United States

Franklin Robotics LLC is a start-up that has developed "Tertill", a solar-powered weeding robot for vegetable and flower gardens. Franklin Robotics is based in Billerica, Massachusetts.

Buy -

Seller(S) 1

SELLER

Polaris Private Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Private Equity is a mid-market Danish private equity firm focused on buyouts within Denmark and Sweden. Polaris does not have any sector preferences, however the Firm looks for 'niche' businesses that exhibit growth potential and have the ability to lead their markets. Prospective companies typically have revenues of at least €20 million. Polaris was formed in 1998 and is based in Copenhagen.

DEAL STATS #
Overall 21 of 37
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 8 of 15
Country (Sweden) 9 of 11
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Avanti Wind Systems A/S

Hillerod, Denmark

Avanti Wind Systems A/S is a manufacturer and distributor of lifts, ladder systems, fall protection and safety equipment as well as related service for the wind turbine industry.

Sell €91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-23 Designers Company

Copenhagen, Denmark

Designers Company is an interior design company, supplying furniture, accessories, and lighting to professional and retail customers in more than 40 countries. Designers Company was founded in 1978 and is based in Copenhagen, Denmark.

Buy -
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