Triton completes acquisition of Fläkt Woods Group
Frankfurt/Herne (Germany) / Geneva (Switzerland), 13 October 2016 - Funds advised by Triton (“Triton”) have completed the acquisition of Fläkt Woods Group, a leading provider of air technologies solutions for HVAC systems for the best Air Comfort & Fire Safety environment, effective as of 12 October. With the closing of the transaction, Fläkt Woods Group will commence the merger with DencoHappel by forming FläktGroup – a new European market leader for energy efficient air technology solutions, providing our customers with the highest quality standards for improved air comfort and well-being. Following the merger Triton remains the majority stakeholder in FläktGroup.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe, Italy and Spain. Within this European region, Triton focuses 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 28 companies currently in Triton's portfolio have combined sales of over €13.4 billion and around 75,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com