Husqvarna Group acquires HTC to boost construction divisionStaff Writer | March 9, 2017
"We have previously communicated the ambition to grow our Construction Division.
Acquisition The attractive surface preparation market
"Combined, these acquisitions give us a strong position in the fast growing and attractive surface preparation market," says Kai Wärn, President and CEO of Husqvarna Group.
HTC Floor Grinding Solutions, a part of HTC Group AB, headquartered in Söderköping, Sweden is the global market leader in floor grinding solutions. Sales in 2016 amounted to approximately SEK 380m.
The about 150 employees are mainly located in Sweden and in the fully-owned subsidiaries in France, Germany, UK 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 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.
Further details will be announced closer to the finalization, which is expected by mid-year. The acquisition of HTC Floor Grinding Solutions is subject to approval from competition authorities and the impact on Husqvarna Group’s earnings in 2017 will be limited. ■