Polaris, the private equity firm that acquired Car-O-Liner in 2012, explained the rationale for the sale of the company to Snap-On that was announced earlier this week.
With Polaris as its owner, the company has seen a period of rapid expansion while simultaneously strengthening its position in the US and China.
Jan Dahlqvist, a Polaris Partner, sums up the rationale for an exit, “The main strategy of the company is the sales of hard- and software along with knowhow creating safe reparations and improved operational economy. We have now reached the targets we initially defined and profitability has been satisfactory
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.