Triton has signed an agreement to acquire Ramudden, a specialist provider of work zone safety control services in the Nordics
Stockholm, Gävle and Sundsvall (all Sweden), 27 November 2017 - Funds advised by Triton ("Triton") have signed an agreement to acquire Ramudden, a leading specialist provider of work zone safety control services in the Nordics for road, construction and general industry purposes.
"We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute our strategic insights from the industry and region. We look forward to working together with the management team and the Board of Directors in building a stronger company," said Peder Prahl, Director of the General Partner for the Triton funds.
"Ramudden, as one of the market leaders in the Nordics, has been continuously building its current presence over the last years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor that will embrace and support the execution of our plans for further developing the company for the future," said Hans-Olov Blom, CEO of Ramudden.
“Ramudden is a great company with an impressive growth profile. We are convinced about the positive fundamentals of this industry segment and are looking forward to supporting the growth in the coming years,” added Carl Johan Falkenberg, Investment Advisory Professional and Advisor to the Triton Funds.
Ramudden provides the market in Sweden, Norway, Finland and Estonia with work zone safety solutions, including rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement planning, and education, surveillance and maintenance services. Customers are mainly civil engineering contractors and construction companies.
For more information, please visit www.ramudden.se
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing 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 33 companies currently in Triton's portfolio have combined sales of around €14.7 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com