Leadec has signed an agreement to sell parts of its Engineering Services Division
Stuttgart (Germany), 25 September 2017 – Leadec, a Triton Fund IV company, has signed an agreement to sell rail vehicles and motorcycle development, both former units of Leadec’s Engineering Services division. The Manufacturing Engineering services and the associated Education Center will remain as part of the Leadec Group. This sale underpins Leadec's business strategy for the coming years. Moving forward, Leadec will increase its focus on its core competencies and support customers along the production processes. The transaction is subject to regulatory approval in the relevant jurisdictions, and the purchase price has not been disclosed.
Jochen Wilstermann, CFO at Leadec Engineering Services: “We are delighted to have found a suitable home for this business unit, so that it can continue to grow profitably in accordance with its requirements in the future."
The Leadec Group (previously Voith Industrial Services) is one of the leading providers of technical services for key sectors like the automotive, process and power plant industries. In 2016 the affiliated companies Leadec and Veltec earned combined sales of around EUR 1 billion.
For more than 50 years, Leadec has been providing automobile manufacturers and automotive suppliers, for example, with support for their production chains. A flexible workforce of around 16,600 highly skilled personnel is available for short-term or permanent deployments at customers' production sites in more than 200 locations. The services provided range from On-site Services (Production Equipment Maintenance, Technical Cleaning, Facility Services, Manufacturing Support) through Project Solutions/Engineering (Development Services, Manufacturing Engineering, Automation, Electrical Installation, Machine Relocations) to Assembly Solutions (Wheel and Tyre Assembly, Valueadded Assembly).
Learn more about Leadec here: www.leadec-services.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing 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 €14.2 billion and around 88,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com