Triton completes acquisition of GEA’s heat exchangers business
Bochum (Germany), 31 October 2014- Funds advised by Triton ("Triton") have successfully closed the acquisition of GEA Group's heat exchangers business. GEA's heat exchanger business is an important manufacturer of heat exchanger products globally and holds strong market positions in Germany and Western Europe. The company offers a diversified product line and an application portfolio including wet and dry cooling systems and components, as well as other project-type businesses. Headquartered in Bochum, Germany, the company employs about 7,300 people worldwide. It generated revenues of €1.5 billion in 2013.
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.
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 30 companies currently in Triton's portfolio have combined sales of around €15 billion and more than 67,500 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