Triton to sell EQOS to Eiffage Énergie Systèmes

Frankfurt (Germany) – 23 April 2024 - Funds advised by Triton (“Triton”) have signed an agreement to sell EQOS (“EQOS” or the “company”), a leading specialty installation and service company of critical infrastructure in Europe to Eiffage Énergie Systèmes (“Eiffage"). Terms and conditions of the transaction, which is subject to customary regulatory approvals and other closing conditions, are not disclosed.

Under Triton’s ownership, EQOS was transformed into a leading infrastructure service provider with sales of ca. EUR 459 million and ca. 1,700 employees. Today, the company provides turnkey solutions covering the entire service range from consulting, planning, installation to maintenance in the areas of power grid, energy, mobile communication, and railway.

Triton supported EQOS’ recapitalization of the balance sheet to provide a platform for future growth. Together with EQOS, Triton made a series of improvements to its strategy, leadership and culture, finances, and operations. This included the implementation of an operational improvement program and a full revamp of the leadership team that instilled a performance culture and re-focused the business on its core activities. Non-core entities were disposed, and strategic M&A was used to complement the company’s service portfolio.

Moritz Gudenus, Investment Advisory Professional at Triton, said: “We invested in EQOS due to its untapped potential, and we would like to thank the entire company for all their work to turn it into the winner it is today. Eiffage is a logical new owner that will help the business to further thrive in its exciting end markets.”

Eric Mendel, CEO of EQOS, said: “Together with Triton, we developed and implemented a strategy that took EQOS from a difficult situation to being a highly profitable platform that has recorded continuous growth. We would like to thank the Triton team for their valuable support and cooperation.”

Ludovic Duplan, Chairman of Eiffage Énergie Systèmes, said: “EQOS will enable Eiffage Énergie Systèmes to enter the market segment of the energy infrastructure particularly in Germany and Austria. In those countries, the acquisition will allow us to densify our network, and to cover all key energy markets: infrastructure of course but also industry and tertiary.”