Diversey, Charlotte, N.C., entered into an agreement to acquire Twister Holding AB from private equity firm Polaris, Boston.
Diversey is a global supplier of hygiene and cleaning solutions that integrates chemicals, floor care machines, tools and equipment with a wide range of technology-based, value-added services, food safety services and water and energy management.
Twister, headquartered in Söderköping, Sweden, is the owner of Twister, a patented system for daily floor cleaning using floor pads impregnated with billions of microscopic diamonds that clean and polish the floor mechanically.
Diversey acquired Twister to extend its market leadership, strengthen its full value proposition and offer integrated solutions between chemicals, TASKI machines, robotics and tools.
“Diversey is committed to being the global leader in providing floor owners with effective, innovative and sustainable solutions for cleaning and maintenance,” says Dr. Ilham Kadri, president and CEO of Diversey. “We are therefore excited to welcome the Twister team to the Diversey family because of our shared passion for this mission. Their portfolio expands our offering to our customers and positions us as the leader in providing TCO solutions for our customers globally.”
“We are excited to join Diversey and be part of a company with its historic market leadership and ambitious growth plans,” says Robert Kreicberg, chief executive officer of Twister Cleaning Technology AB. “We have successfully grown Twister by developing innovative and sustainable floor cleaning and maintenance technologies that dramatically reduce the cost of daily cleaning up to 50%. We believe that all customers will benefit from the combination of both companies’ innovations, application expertise and global reach.”
The transaction is expected to close in 2017.