Polaris and Micropower Group enter partnership
We are excited to announce that Polaris has acquired a majority stake in Micropower Group, a leader in the development of unique battery charging solutions and power supplies as well as modular Li-ion batteries. The group is headquartered in Växjö, Sweden, has around 460 FTEs, and recorded SEK +1,500m revenue in 2022. The investment is made in partnership with management and former owners whom, after the transaction, remain with a significant minority ownership. This partnership is established with the aim of accelerating growth in Micropower Group.
“We see great potential in Micropower Group, which is a well-run business with vast experience, a high degree of innovation, talented employees and a unique position in an attractive market with good growth opportunities. The company already supplies electrification solutions to world-leading industrial companies, most notably within the material handling segment. We look forward to a close collaboration with management and employees to reach new customers with Micropower’s solutions and continue growth in the coming years,” says Johan Pernvi, Partner at Polaris.
Please see the following press releases:
For more information, please contact:
Johan Pernvi, Partner
Phone: +46 708 18 82 03
Gustav Brobert, Associate Director
Phone: +45 5354 8046