The Construction Division of Husqvarna Group has entered into an agreement to acquire HTC’s Floor Grinding Solutions Division.
The joint capabilities and strengths of HTC, Husqvarna and Pullman Ermator, which was recently acquired by Husqvarna, enhance our ability to educate contractors, floor owners and architects about the benefits of polished concrete as a floor solution and floor grinding as a method. By working together to stimulate interest in these solutions, we will be able to expand and develop the market as a whole.
Over the last three years, HTC has experienced fantastic growth and has further strengthened its position as market and innovation leader, not least with the launch of its new range of grinding machines, DURATIQ. We have a very exciting journey ahead as we continue and accelerate HTC’s growth with such a well-established industrial company as Husqvarna as our new owner, says Stefan Lind, CEO of HTC Group.
Husqvarna Construction has announced that it will be operating HTC as a separate business unit with its own brand. The acquisition brings HTC greater resources and opportunities to develop even better products in the future, which will further enhance HTC’s relationships with its customers.
The acquisition is expected to be finalized in the middle of this year. Polaris Private Equity, which acquired HTC in 2013, will continue to own HTC until the takeover is completed.
About HTC Group AB
Established in 1987, HTC is a rapidly expanding technology company that manufactures and develops products for processing various types of surfaces. A patented grinding system for floors was launched in 1992 and HTC is currently an international market leader within floor grinding systems based on diamond technology and patented technical solutions. As well as developing unique floor solutions, HTC has created polished concrete under the brand name HTC Superfloor™ and the unique diamond-based cleaning and maintenance system Twister™. The company's head office, product development and production units are located in Söderköping. It has subsidiaries in the USA, Germany, the UK and France.