Triton Beratungsgesellschaft GmbH: Triton signed agreement to acquire Rexroth Pneumatics
(firmenpresse) - (DGAP-Media / 16.09.2013 / 14:06)
Hannover/Laatzen, 16 September 2013 - Funds advised by Triton have signed
an agreement to acquire Rexroth Pneumatics, a specialised pneumatics
manufacturer and subsidiary of German drive and control company Bosch
Rexroth. The transaction is funded by the 'Triton IV' fund and includes all
assets of the carved out entity Rexroth Pneumatics. The transaction is
subject to approval by the relevant anti-trust authorities. Both parties
have agreed not to disclose further details.
'Rexroth Pneumatics has the potential to benefit from market growth driven
by an increasing global trend towards automation. We are confident that
focused investment will enable the company to operate successfully as a
stand alone entity,' said Peder Prahl, Director of the General Partner of
the Triton funds.
'The sale of our activities to Triton - an owner with broad experience in
the successful management of medium sized companies - was the next logical
step in the successful development of our pneumatics business,' said Karl
Tragl, CEO of Bosch Rexroth.
Rexroth Pneumatics, headquartered in Hannover/Laatzen, developed into a
leading pneumatics specialist following the merger of Bosch Automation and
Rexroth Pneumatics in 2001. The company produces high quality parts such as
valves and cylinders for industrial machinery, the automotive and
transportation industry, the energy sector and other areas. Rexroth
Pneumatics has a strong innovation track record in developing customer
specific solutions. Rexroth Pneumatics has about 2,100 employees in five
production sites in Germany, France, Hungary, USA and China and operates a
global sales network in more than 35 countries.
About Triton
The Triton funds invest in and support the positive development of
medium-sized businesses headquartered in Northern Europe - with a focus on
Germany, Switzerland, Austria and the four Nordic countries: Denmark,
Finland, Norway and Sweden. Within this European region, Triton focuses on
businesses in the Industrial, Business Services, and Consumer/Health
sectors.
Founded in 1997, Triton seeks to contribute to the building of better
businesses for the longer term. Triton and its executives wish to be agents
of positive change towards sustainable operational improvements and growth.
The 25 companies currently in Triton's portfolio have combined sales of
approximately 12.9 billion Euros and over 52,000 employees.
The Triton funds are advised by dedicated teams of investment professionals
based in Germany, Sweden, United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
Press Contact
Triton
CNC
Max Hohenberg
Phone: +49 (0) 172 827 05 07
Email: Max.Hohenberg(at)cnc-communications.com
Bosch Rexroth
Jana Ullsperger
Phone: +49 (0) 172 3914114
Email: jana.ullsperger(at)boschrexroth.de
End of Media Release
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Issuer: Triton Beratungsgesellschaft GmbH
Key word(s): Industry
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