Triton acquires Lamina Technologies
Frankfurt (Germany) / Yverdons-les-Bains (Switzerland), 15 May 2020 - The Smaller Mid Cap Fund advised by Triton (“Triton”) has acquired a majority stake in LAMINA TECHNOLOGIES SA (“Lamina”), a technology leader and pioneer in manufacturing multi-material (Multi-Mat) carbide cutting tools for SME across different industries. Terms of the acquisition were not disclosed.
“We want to support the management and employees of Lamina by investing in and supporting the continued growth and development of the company. We look forward to working together with the management team to strengthen the company’s position among its customers and across regions”, said Peder Prahl, Director of the General Partner for the Triton funds.
“This transaction is an important milestone in our company history. I want to thank our existing shareholders China Everbright and Catalyst Investments that have taken us a long way and to welcome Triton as a new owner and highly regarded investor. Prior to concluding the ownership change we elaborated together with Triton the strategy moving forward, that will propel our growth strategy, focusing on the expansion of our product portfolio and international footprint” adds CEO Peleg Amir.
“Lamina is the ninth investment of the Triton Smaller Mid-Caps Fund and its first in Switzerland. The company has proven to grow its customer base continuously and its Multi-Mat technology offerings are highly recognized by its end customers, providing tangible benefits to small and midsized companies. We look forward to support Lamina by growing its product range as well as its international footprint”, adds Andi Klein; Investment Advisory Professional and Member of the TSM Investment Advisory Committee.
Lamina Technologies is a Swiss manufacturer of carbide cutting tools established in Yverdon-les-Bains in 2002. From our inception, we have been focused on understanding customers’ needs and striving to exceed their expectations. We are the global pioneers of the ground-breaking Multi-Mat™ concept that, through innovative technologies, allows cutting tools to work on a multitude of materials. Lamina continues its fast-paced expansion with 7 subsidiaries and representation in over 50 countries.
For further information: www.lamina-tech.ch/
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
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 42 companies currently in Triton's portfolio have combined sales of around €17,2 billion and around 81,400 employees.
For further information: www.triton-partners.com