Triton completes sale of Dunkermotoren
Triton completes sale of Dunkermotoren to US electronics instruments manufacturer AMETEK
- Dunkermotoren now in excellent shape thanks to systematic expansion of production and sales force
- Investment in R&D has doubled in recent years
- 250 new jobs and continuity in the management team since Triton came on board in 2009
- "We have managed to turn Dunkermotoren from a local player into a European market leader. Today the company is in excellent shape financially and operationally, and has every opportunity to continue its growth under the new owner," said Peder Prahl, director of the General Partner of Triton Fund III
Frankfurt, 21/05/2012 - Today funds advised by Triton completed its previously announced sale of the precision motion control specialist Dunkermotoren, Germany, to AMETEK Inc, a US manufacturer of electronic instruments and electromechanical devices.
Triton bought the manufacturer of high-precision electric drives for use in industrial automation, building technology, energy technology and medical technology in 2009 when it was a non-core business of the telecommunications provider Alcatel-Lucent. Due to focussed operational improvements, broad investment in R&D and the internationalisation of production and sales organization, Triton has turned Dunkermotoren into a European market leader in a few years. After Triton came on board the company steadily increased its turnover from EUR 100m to EUR 150m.
"Despite a challenging market environment, we have doubled investment in R&D and managed to improve the company's ability to innovate. In addition we have supported targeted acquisitions in the field of technology and a rapid expansion of sales operations and technology centres in the US, China and Europe. The company has extended its product range and sales network and enhanced customer proximity, all of which has strengthened Dunkermotoren's ability to compete in the long term," said Peder Prahl, director of the General Partner of Triton Fund III. During Tritons ownership, Dunkermotoren has continued to hire and invest into training. A total of 250 new jobs have been created since Triton's investment, also at the company's headquarters in Bonndorf.
"Triton has played an active role at Dunkermotoren during its investment period. By allocating funds to the expansion of our headquarters and production site in Germany, Triton has demonstrated its continued commitment to our corporate headquarters in Bonndorf," said Works Council Chairman Lothar Isele.
"In recent years, we have never been short of money to invest. Triton has always supported us when we suggested sensible investments for the company," said Nikolaus Gräf, CEO of Dunkermotoren. Peder Prahl added: "We continued with the first-class and very experienced management team that was in place when we acquired Dunkermotoren. This continuity was crucial in our joint efforts to quickly develop the company to the next level. We supported ideas from the management that would have been difficult to implement as non-core part of a large corporation. It was important that the management could always call upon the expertise of experienced industry specialists on Triton's newly formed Advisory Board."
The acquisition of Dunkermotoren represents a strategic addition to AMETEK and an expansion of its international presence. "With our very strong market position, our product focus and the great technical know-how of our employees, we fit perfectly into AMETEK," said Nikolaus Gräf.
Dunkermotoren has been developing and producing high-precision electric drive systems for customers in industrial automation, building technology, energy technology (photovoltaics) and medical technology for over 50 years. The company's key products include brushless DC servo motors, brushed DC motors, a broad range of planetary and worm gearboxes, brakes and encoders. The company's headquarters is located in Bonndorf in the Black Forest (Baden-Württemberg). With additional branches in Taicang (China), Elgin/Chicago (US), Basildon (UK) and Subotica (Serbia), Dunkermotoren currently employs around 1000 people in total.
More information about Dunkermotoren is available online at www.dunkermotoren.de
AMETEK, Inc. is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.3 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.
For further information: www.ametek.com
Triton is a successful investment firm dedicated to investing in and the positive development of medium-size 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 pro-actively 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 23 companies currently in Triton's portfolio have combined sales of approximately €11.9 billion and over 46,000 employees.
The Triton funds are advised by teams of investment professionals at Triton Advisers.
For further information: www.triton-partners.com