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Triton signs agreement with Werner Turck Family Foundation

02.11.2022

Frankfurt am Main (Germany), 2 November 2022 - Triton Fund V advised by Triton ("Triton") has signed an agreement with the Werner Turck Family Foundation which enables Triton to invest in Turck Holding. The parties have agreed not to disclose details of the undertaking which is subject to various approvals.

Turck is a leading global supplier of smart sensor technology and decentralised automation solutions for factory, process, and logistics automation catering to customers around the world. The company employs over 2,500 people and is one of the pioneers of Industry 4.0 and IIoT (Industrial Internet of Things).

Read the Werner Turck Family Foundation press release here (PDF)

About Triton

Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term and wishes to be agents of positive change towards sustainable operational improvement and growth.

The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 106,000 employees.

For further information: www.triton-partners.com

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