Leadec transition successfully completed - Voith sold remaining minority stake to Triton
Frankfurt/Heidenheim (Germany), 26 February 2018 - Funds advised by Triton have completed the acquisition of Leadec (formerly known as Voith Industrial Services), a leading provider of value-add technical services for the industrial sector, from Voith GmbH in August 2016. The parties have agreed not to disclose the purchase price and Voith GmbH remained engaged with a minority stake and to accompany the transition. This transition was successfully finalized, and as a result Voith GmbH sold its remaining minority shares to Triton today.
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 36 companies currently in Triton's portfolio have combined sales of around €14.2 billion and around 91,000 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