Configit was acquired by Polaris.

Configit A/S, a Copenhagen, Denmark-based software company, announced that it enetered an investment agreement with the private equity company Polaris.

The deal, which has the financial details undisclosed, was made for an equity stake of 65%. The company’s former owners – IT and telecom entrepreneur Michael Moesgaard Andersen and Configit’s founders, CEO Henrik Reif Andersen and Chief Technical Officer Henrik Hulgaard – will continue as co-owners. Henrik Reif Andersen will also continue as the company’s CEO.

In continuation of Polaris’ entrance in the owner group, Allan J. Vestergaard is appointed new Chairman of the Board of Directors.

Configit, founded in 2000, is a global supplier of business-critical software solutions for configuration of complex products manufactured in a wide range of variants, for instance vehicles.

Configit has 140 clients, including Jaguar Land Rover, MAN Truck & Bus, Fiat, Case New Holland and John Deere. Additionally, other organisations involved in complex industrial equipment, for instance ABB, Siemens, Phillips and Vestas, use Configit’s configuration software from design, manufacturing and sales to maintenance of products.