Polaris has made a stake in Danish software company Configit A/S. The company is a supplier of business-critical software for configuration of complex products manufactured.
Configit is Polaris’ first investment in a software company. Polaris has a clear goal of investing in more software and technology companies and has therefore established an internal team with this specific focus as well as an “ecosystem” of industrial advisers, a press release states.
“I am proud to see how far we have taken Configit by ourselves. But if we are to elevate the company to an even higher level, we need a partner adding new expertise, experience with globalization and financial strength. We have received several bids from abroad, but with Polaris we are able to unite the best of two worlds: We will have a professional partner to guide us on the journey ahead, and Danish-based Polaris is furthermore a partner that better understands the company’s culture and distinctive character,” says Michael Moesgaard Andersen, a former owner of Configit.
For more information, visit Polaris.
Sources: Press materials received from the company and additional information gleaned from the company’s website.