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Triton completes acquisition of Rexroth Pneumatics
Hannover/Laatzen, 31 December 2013 - Today funds advised by Triton have successfully closed the acquisition of Rexroth Pneumatics, a specialised pneumatics manufacturer and former subsidiary of German drive and control company Bosch Rexroth.
Together with Rexroth Pneumatics' management and employees, Triton aims to support the development of the company into a market-leading stand alone entity.
Rexroth Pneumatics, headquartered in Hannover/Laatzen, 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.
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 24 companies currently in Triton's portfolio have combined sales of approximately 12.8 billion Euros and over 53,000 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
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