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Big PLM Industry Deal: New Main Owners Sets Sights on Global Expansion for World-Leading PTC Partner PDSVISION

Bridgepoint and Polaris Form Partnership to Acquire Majority Stake in PDSVISION.
Leading PTC Value Added Reseller (VAR), PDSVISION, has secured new main owners. Finnish firm CapMan, the main owner since 2020, is exiting, with investors Bridgepoint and Polaris taking over. The two firms announced a partnership to acquire a majority stake in PDSVISION, though terms were not disclosed.
The investment highlights the strength of the PLM industry, which is critical to global manufacturing and product development. PDSVISION has experienced rapid growth, with founder and chairman Johan Klingvall overseeing a revenue increase from around $33.5 million to $190 million in five years. The company has established itself as an international leader in digital engineering, with a strong focus on the PTC portfolio, particularly the Windchill PLM suite and Creo CAD software. Today, PDSVISION operates in 15 countries, with over 500 employees, and spans Europe, North America, and Asia. Klingvall stated that following five years of rapid expansion, the company is now ready for the next phase of growth.
The announced bet from Bridgepoint and Polaris rests on a solid foundation: the PLM sector is a linchpin of global manufacturing. Within this space, PDSVISION has emerged as a standout performer developing solutions built on PTC’s powerful software portfolio to fuel its customer growth trajectory. In just five years, revenue has surged, propelling PDSVISION into the elite tier of global VARs alongside heavyweight VARs like TECHNIA in the Dassault Systèmes sphere and Symetri in the Autodesk sphere.
Today, it stands as an international powerhouse in digital engineering, and Johan Klingvall said that the company has completed another phase in its journey towards building a strong position in North America, Europe, and Asia.
It is time for the next step up, he said and added: “The partnership with Bridgepoint and Polaris unlocks a new chapter for PDSVISION. It enables our partners and us to continue building new capabilities, investing in new solution areas, and expanding into new markets. I am grateful for CapMan’s support and excited about what we can achieve with Bridgepoint and Polaris as our new partners.”
PDSVISION's CEO, Mats Oretorp, also points out the great potential that the PLM industry offers:
"In this, Bridgepoint and Polaris share our vision of the business opportunities ahead. Today's software and technology offer a huge opportunity to create value for industrial companies as they strive for shorter time-to-market, master market requirements, navigate complex system technology, and strive for more flexible and efficient manufacturing."

The investment marks the beginning of a new expansion phase as PDSVISION strengthens its position as a leading global partner for digital engineering solutions. CapMan, majority owner since 2020, is leaving after successfully supporting the company’s international growth journey. Today, the company reaches approximately SEK 1.7 billion in revenue, operates in 15 countries and has more than 500 employees. Notably, PDSVISION has been profitable every year since its inception in 2008, which Chairman Johan KLINGVALL believes is a, ”reflection of a strong, customer-centric and resilient business that continues to scale up while delivering tangible results and consistently high levels of customer satisfaction.”

PDSVISION founder and today its chairman, Johan Klingvall, is one of the more well-known profiles in PTC’s partner world. Under his leadership, the company has grown strongly and PDSVISION Group, which is headquartered in Sweden, has operations in Finland, Denmark, Norway, Germany, the UK, South Africa, Canada, India, Singapore and the USA. The group can today be considered the world’s leading PTC Value Added Reseller (VAR). But the pace is fast and the operational management, together with chairman Johan Klingvall, has ambitions to grow further, which may be one of the reasons why Bridgepoint and Polaris have now become majority owners. It is expensive to grow globally and it also requires sharp contact points, which the new owners have.

Who are Bridgepoint?
It is clear from a general perspective that digital technology will reshape how industrial companies design, simulate, manufacture and service products in the coming years. In this, PDSVISION has always been far ahead with a strong competence base, deep domain expertise and a global operational presence. The company is widely seen by analysts as well positioned to support clients in transforming their entire value chain – from design and engineering, through manufacturing to service operations – and help them accelerate innovation, reduce costs and manage increasing product complexity.

For Bridgepoint partner, Johan Gustafsson, PDSVISION represents a clear leader in its field and operates in a market with long-term structural growth driven by industrial digitalization.
“The company plays a critical role in helping clients embrace, integrate and extract value from technology. After following the market and the company for a number of years, we are excited to partner with Polaris and the management team to support PDSVISION’s next chapter,” he says.

A leading mid-cap investor
Generally speaking, Bridgepoint Group is one of the world’s leading mid-cap investors, specializing in private equity, infrastructure, credit and private wealth. With over $86 billion in assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise and consistently deliver strong returns through cycles. Bridgepoint typically targets mid-market companies valued between €250 million and €1.5 billion. Their core sectors include: Advanced Industrials (e.g., Windar Renovables), Business & Financial Services, Healthcare, and Technology.

Bridgepoint focus on niche market leaders, manufacturers of engineered products, and firms that leverage technology to drive excellence in industrial processes. Its portfolio includes companies that provide critical technical services, specialized equipment, and digital engineering solutions. Examples are:

NMI Group is one of Bridgepoint’s recent investments. In June 2025, Bridgepoint announced it had reached an agreement to acquire a majority stake in NMi Group from Levine Leichtman Capital Partners (LLCP). The transaction was carried out through Bridgepoint Development Capital V, a fund focused on lower mid-market growth businesses in Europe. Under Bridgepoint’s ownership, NMi has already begun expanding, such as with the acquisition of the German testing firm Phoenix Testlab in September 2025.
  • NMi Group (Energy Transition, Smart Mobility, and Digital Infrastructure). Bridgepoint is supporting its expansion into certifications for Industrial Battery Energy Storage Systems (BESS) and connected infrastructure.
  • SPTS Technologies (an equipment provider for the global microchip industry). It designs and manufactures equipment used to produce MEMS (micro-electro mechanical systems) used in smartphones and automotive applications.
  • Shimtech Industries (specialized engineered products manufacturer for the aerospace industry).

Generally Bridgepoint’s approach to the industrial tech sector is less about financial engineering and more about operational improvement, helping European engineering firms enter Asian and American markets.

It is interesting to note that Johan Pålsson joined the Polaris team in 2024. Prior to this he held the position of Managing Partner at CapMan, i.e. the capital investor that Polaris and Bridgepoint now buy the main ownership in PDSVISION from. Prior to that he spent 10 years in the investment team at Ratos.

International market-leading position
From the other investor, Polaris, partner Johan Pålsson (pictured) states that PDSVISION has very good opportunities for continued international expansion.
“Absolutely, and we are pleased to collaborate with PDSVISION and Bridgepoint to develop the business and drive accelerated growth. We have many years of direct experience from PDSVISION and are impressed by the company’s international market-leading position, which is built on its ability to successfully support customers in their industrial digitalization journeys with market-leading, value-creating and business-critical solutions. In addition, PDSVISION has a strong management team and an organization with an impressive track record.”
Polaris primarily has the Nordic region as an investment market and is headquartered in Copenhagen. It generally invests in established mid-sized companies throughout the Nordic region. Pålsson says that since 1998, the company has built a strong presence across the Nordic region based on three strategies; Polaris Private Equity, Polaris Flexible Capital and Polaris Public Equity, and has secured capital commitments of more than €2 billion.
“Our focus is on collaborating with companies that have clear potential for growth and long-term development,” he concludes.

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