Triton completes acquisition of Voith Industrial Services
Frankfurt/Heidenheim (Germany), 31 August 2016 - Funds advised by Triton have completed the acquisition of Voith Industrial Services, a leading provider of value-add technical services for the industrial sector, from Voith GmbH. The parties have agreed not to disclose the purchase price. Triton acquires a majority stake in the entire Group Division and will continue the business under a new name. Voith GmbH remains engaged with a minority stake and will accompany the transition.
Voith sets standards in the energy, oil & gas, paper, raw materials and transport & automotive markets. Founded in 1867, Voith today has more than 20,000 employees and earns 4.3 billion euros in sales. It has locations in over 50 countries in all regions of the world and is one of the largest family-owned companies in Europe.
*Excluding discontinued business such as Voith Industrial Services
About Voith Industrial Services
Voith Industrial Services offers a broad spectrum of technical services. The commitment and the know-how of our employees make us one of the internationally leading industrial specialists for manufacturers and suppliers all over the world.
With a workforce of about 17,200 employees at more than 200 locations at home and abroad we strive to provide perfect customer solutions. Our in-depth industrial know-how and the excellent cooperation of our specialists result in a unique portfolio that enables us to reliably support the processes of our customers.
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 27 companies currently in Triton's portfolio have combined sales of over €13 billion and over 72,500 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com