Polaris acquires Configit A/S
Polaris has signed an agreement to acquire 65% of the shares in Configit A/S, a leading global supplier of business-critical software solutions for configuration of complex products manufactured in a wide range of variants, for instance vehicles.
The configuration software market sees high growth rates driven by an increading demand for products at the same time both specifically tailored to clients and mass-produced. Configit has taken a unique position providing configuration solutions for the most complex industries. This includes the automotive sector, where Configit’s client list includes Jaguar Land Rover, MAN Truck & Bus, and John Deere, as well as complex industrial equipment manufacturers, for instance ABB, Siemens, Phillips, and Vestas.
Configit posted 2015 revenue of DKK 128 million following growth of almost 100% and EBITDA of DKK 42 million. The company has 150 employees.
Please find the press release here:
For more information please contact:
Allan Bach Pedersen, Partner
Mobile: +45 40 30 24 15