Triton completes acquisition of Imtech Nordic
Stockholm (Sweden), 2 November 2015 - Funds advised by Triton ("Triton") have successfully closed the acquisition of Imtech Nordic, a leading Nordic complete technical installations partner that operates through three business segments: Heating and Plumbing, Ventilation, and Electrical installation and services. Triton fund IV acquired all the assets of Imtech Nordic from Waterval BV. The parties have agreed not to disclose the purchase price.
"We will support management and the employees of Imtech Nordic as a stable owner in investing in and supporting the growth and development of the company. We will contribute our strategic insights from the service industry as well as operational know-how. We look forward to working together with the management team and the new Board of Directors in building a stronger company", said Peder Prahl, Director of the General Partner to the Triton fund.
About Imtech Nordic
Imtech Nordic, headquartered in Stockholm, has become one of the market leaders in the Nordic countries. The combination of Heating and Plumbing, Ventilation and Electrical installation and services has created a complete technical installations partner that offers an array of products and services. Imtech Nordic operates from approximately 100 locations in Sweden, Norway and Finland with a total of around 5,000 employees.
For further information: www.imtech.se
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.
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 approximately 14 billion Euros and over 60,000 employees.
For further information: www.triton-partners.com/