HTC Floor Grinding Solutions gets new ownerPublished 16/5, 2017 at 12:17
Husqvarna Group’s construction division has entered into an agreement to acquire HTC’s Floor Grinding Solutions Division from Polaris Private Equity, which acquired HTC in 2013. The acquisition is expected to be finalized in the middle of this year.
The joint capabilities and strengths of HTC, Husqvarna and Pullman Ermator, which was recently acquired by Husqvarna, enhance the ability to educate contractors, floor owners and architects of the benefits of polished concrete as a floor solution and floor grinding as a method. By working together to stimulate interest in these solutions, Husqvarna said that it will be able to expand and develop the market as a whole.
Over the last three years HTC has experienced considerable growth and has further strengthened its position as market and innovation leader, not least with the launch of its new range of grinding machines, Durtiq. “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,” said HTC Group chief executive Stefan Lind.
Husqvarna Construction will operate 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.