Triton completes sale of OBH Nordica to Groupe SEB
Stockholm (Sweden), 31 August 2015 - Funds advised by Triton closed the sale of the OBH Nordica group ("the Company"), owner of the leading small domestic appliance ("SDA") brand in the Nordic region, to Groupe SEB, a world leader in small domestic equipment. Groupe SEB will acquire 100% ownership of OBH Nordica group. Triton has supported the business since its acquisition in 2010. The management and board of OBH Nordica have executed a number of initiatives to improve the Company. These includes: the consolidation of all group functions to the Headquarter in Sundbyberg; the investment in a central warehouse in Finnerödja; an expansion of the China office and the investment in a new brand profile including a new website with an integrated web store. OBH Nordica is now the market leader in its core product categories with strong consumer brand awareness across the Nordic region.
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 29 companies currently in Triton's portfolio have combined sales of over 13 billion Euro and over 55,000 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