Triton Fund III completes Logstor acquisition
Triton Fund III has successfully completed the acquisition of LOGSTOR from funds managed by Montagu Private Equity and other shareholders.
Closing follows approval by the relevant competition authorities. Triton Fund III has acquired all of the share capital in LOGSTOR. The terms of the transaction were not disclosed.
"Triton is pleased to complete this investment, and we now look forward to working with LOGSTOR's management and employees to strengthen and grow the company", said Peder Prahl, a director of the General Partner of Triton Funds.
LOGSTOR is the leading supplier of pre‐insulated pipe systems for energy‐efficient transportation of liquids and gases for district heating and cooling, marine and industrial purposes as well as oil and gas pipelines. The systems consist of pipes, joints, fittings and surveillance. Inventing the pre-insulated pipe technology more than 50 years ago, LOGSTOR has delivered more than 170,000 km of pre‐insulated pipes.
Headquartered in Løgstør, Denmark, LOGSTOR has subsidiaries in Austria, China, Finland, France, Germany, Italy, Lithuania, the Netherlands, Poland, Romania, Russia, Sweden and Switzerland as well as a network of agents and sales offices. The Group's 10 production facilities are situated in Denmark, Poland, Sweden, Finland and China. The Group employs approx. 1,300 people.
For further information: www.logstor.com
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.
Founded in 1997, 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 25 companies currently in Triton's portfolio have combined sales of approximately €12.8 billion and over 53,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in China, Jersey, Germany, Luxembourg, Sweden and the UK.