Polaris has entered into an agreement with the owner of Contour Design to acquire a majority shareholding in the company. Contour Design is a pioneer in ergonomic mouse and keyboard solutions with patented products such as the RollerMouse, Unimouse and Balance Keyboard. Contour Design was founded in 1995 and has since provided premium ergonomic input devices that eliminate harmful movements and help form safer working habits.
”Contour Design has established a market leading position in the Nordics and USA based on unique, patented solutions that alleviate pain and prevents injury for many computer users. We are especially impressed by the exceptional customer feedback and loyal customer base that further emphasizes the value that Contour Design’s products bring to end-customers. We see great potential in expanding the geographical coverage and offering Contour Design’s innovative products to new regions as ergonomic maturity increases in the rest of Europe and USA”, says Niels Worning, Partner at Polaris
The market for ergonomic input devices is well-developed in the Nordic countries due to the high ergonomic awareness and focus on employee well-being. The growth of Contour Design is expected to increasingly come from other geographies as the markets outside the Nordics mature with positive ergonomic sentiment and supported by legislation on employee well-being.
“We have established a strong market position in our current geographies. Based on our expertise in ergonomic pointing devices, coupled with Polaris’ extensive experience, resources and track record in supporting management teams in taking regional market leaders on an international growth journey, we are excited for the future of Contour Design”, says Kenneth Schach, Managing Director EMEA
Polaris will form a partnership with the management team and founder, Steven Wang, who will also be a significant shareholder after the transaction, with the intention of building further awareness on the benefits of ergonomic pointing devices in the Nordics, rest of Europe and USA. The ownership change does not entail changes to existing collaboration agreements or customer relationships.
“I am pleased to hand over the majority shareholding of Contour Design to a well-reputed owner such as Polaris. We have a shared vision of making high quality ergonomic products available for more computer users that today do not have proper solutions for pain-relief and preventive purposes”, says Steven Wang, founder of Contour Design
The parties have agreed not to disclose the purchase price. The transaction is subject to certain conditions being fulfilled.
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For further information:
Niels Worning, Partner at Polaris, +45 23 44 45 76
Kenneth Schach, Managing Director EMEA, +45 22 45 72 52
About Contour Design (www.contourdesign.dk)
Contour Design was founded in 1995 and is today a leader in research, development and design of premium ergonomic mouse and keyboard solutions. With a strong presence in Northern Europe and USA, Contour Design is a pioneer in high-quality ergonomic input devices that eliminate harmful movements and helps form safer working habits. Based on the notion that ergonomics is not a single solution, but rather a combination of effective well-designed equipment, variation, flexibility, and good habits, Contour Design provides evolutionary products that allow people to work safely at their computers without the risk of physical pain or injury. Contour Design has 98 employees across the offices in USA, Denmark, Sweden, Norway, Finland, England and China.
About Polaris (www.polarisequity.dk)
Polaris is a Nordic private equity firm headquartered in Copenhagen, which invests in well-established medium-sized companies in the Nordics. Since 1998, Polaris has raised five funds and obtained capital commitment of EUR ~1.7bn. Polaris’ focus is to invest in companies with growth and development potential. To date, Polaris has invested in 43 companies and completed more than 80 add-on investments. Polaris currently owns 13 companies with a total revenue of EUR +1bn and 5,000 employees. Contour Design will be the first investment in Polaris V.
We were established in 1995 with the vision to develop and distribute best quality products that improve a key element of social sustainability - the right to safe and healthy working conditions.
Increasingly, employees all over the world depend on ICT access. Our products are designed to enhance the ergonomics of such work best possibly – whether on-site or working from home.
At Contour Design, we all work together to continue to improve social sustainability around safe and healthy working conditions through innovation, design, and guidance. In addition, we ensure that we continue to prevent or mitigate our adverse impacts on all key areas of social, environmental, and economic sustainability.
Making a difference for sustainability
Our product range of more than 15 quality products are all designed to improve the working conditions at the workplace or when working from home or on the move.
We continuously conduct research and development to improve these properties of our products. In collaboration with our users, researchers, and other stakeholders we provide for information, tutorials, and guidance on dealing with work-related health issues and how best to apply our products.
Our products will enhance your company’s work on responsible business conduct – and improve your company’s productivity.
We appreciate that all companies need to address environmental sustainability strategically as well. We address climate change and plastic waste reduction proactively. You can read more about our initiatives on this site.Read our sustainability statement
Managing its responsibilities for sustainable development
In 2021 our company took a huge leap towards systematic, continued, and transparent management of our risks of social, environmental, and economic impacts.
Our Board of Directors adopted our overarching Sustainability Policy.
Increasingly, employees all over the world depend on ICT access. Our products are designed to enhance the ergonomics of such work best possibly – whether onsite or working from home.
At Contour Design, we all work together to continue to improve social sustainability around safe & healthy working environments through innovation, design, and guidance. In addition, we ensure that we continue to prevent or mitigate our adverse impacts on all key areas of social, environmental, and economic sustainability.
Take a closer look at our work on due diligence in own operations and in business relationships. You may also want to read our annual sustainability reports.Read sustainability report
We appreciate that all companies shall address and reduce their greenhouse gas emissions.
In 2021 we had external assistance in calculating our CO2e for scopes 1, 2, and 3 as a baseline that can assist us in reducing CO2e. Our reduction objectives will be based on Science Based Targets and approved by SBTi. Scope 3 represents 90 per cent of emissions.
You can find our results from 2020 and 2021 on page 116 in our Annual CoP Report (11 in our owners, Polaris Equity’s annual Sustainability Report).
Based on this data, we have initiated a process of:
– Replacing virgin materials with recycled materials in products. Examples of materials are: Aluminum, Plastic and PCBs (printed circuit boards).
– Continuously reducing CO2e by reducing air-travels and -freight, in particular avoiding ‘rush orders’.
– Continuously reducing and improving recycling of packaging materials.
– Developing high quality products with a long lifetime reduces environmental impacts.
Do you have any experience of adverse impacts that we caused or contributed to, or do you want to give us ideas for better preventing or mitigating risks, please contact us.