Triton to sell Aventics to Emerson
Laatzen (Germany), 17 May 2018 – Triton has initiated the next step to ensure a prosperous and sustainable future for Aventics by announcing its intention to sell the company to Emerson. There has been an agreement on terms with Emerson and the regulatory approval process is now underway.
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. The Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs.
"We would like to thank the management team, the employees and all other stakeholders for their contributions to Aventics successful development during Tritons ownership. Triton has been the owner of Aventics for more than four years and we view this as an appropriate time for a long-term industrial owner to continue the development of Aventics. Emerson is an ideal partner for Aventics going forward with an ideal cultural fit. This partnership will open new opportunities for both companies" says Peder Prahl, Director of the General Partner to the Triton fund.
The transaction is expected to close in the third quarter of 2018 subject to regulatory approvals, finalization of necessary consultations and other customary closing conditions.
Aventics is one of the world’s leading manufacturers of pneumatic components and systems. The pneumatic engineering company provides products and services for industrial automation, as well as the food, packaging, medical, and energy technology industries. The company also develops solutions for the commercial vehicles, marine, and railway technology sectors.
By integrating electronics, the use of state-of-the-art materials, and focusing on machine safety and the Internet of Things (I4.0), Aventics is a pioneer in applied and environmentally-friendly solutions. Aventics is preparing for the future by expanding its approach to digitalization.
With around 150 years of expertise in pneumatics, Aventics employs over 2,000 associates worldwide. From production sites in Germany, France, Hungary, the USA, and China, Aventics markets its products in over 100 countries through direct sales and sales partners. The Aventics Group has received multiple certifications, including ISO 9001 and ISO/TS 16949 for quality, ISO 50001 for energy management, and ISO 14001 for environmental management.
Further information is available at www.aventics.com.
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets.
Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs.
Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure.
For more information visit www.Emerson.com.
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 37 companies currently in Triton's portfolio have combined sales of around €14.3 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