Triton to sell Infratek Group to VINCI Group, a global player in concession and constructing
- Since Triton's acquisition, Infratek Group has become the leading total supplier in the Nordic region within building, operating and maintaining critical infrastructure
- VINCI Group`s and Infratek Group's operations are complementary and the combined business is expected to further enhance customer and consumer offerings in the Nordics
- The parties have agreed not to disclose the terms of the transaction. The sale is subject to regulatory approval.
Oslo, Norway, 1 November 2017 - Funds advised by Triton ("Triton") today announced the sale of the Infratek Group ("Infratek"), a leading supplier in the Nordic region within building, operating and maintaining critical infrastructure, to VINCI Group, a global player in concession and constructing. VINCI Group will acquire 100% ownership of Infratek. The parties have agreed not to disclose the terms of the transaction. The sale is subject to regulatory approval.
Since Triton's acquisition in 2013, the management and board of Infratek have executed a number of initiatives to improve the Company. Infratek is now the market leader and plays an important role in society by ensuring functionality in fundamental infrastructure. Infratek delivers a broad range of services in the areas of project planning, construction, maintenance and contingency services for infrastructure. For local infrastructure, the Group covers the need for a strong presence and efficient logistics. Infratek also delivers project-planning, construction, maintenance and emergency response services for high voltage power grids, and has the skills and specialist equipment required to perform all kinds of work related to voltage, irrespective of terrain and access conditions.
VINCI Group is a global player in concession and constructing and owns over 2100 companies worldwide. Infratek will be a part of VINCI Energies, one of six business areas. Among the services is maintenance and projects within energy infrastructure. VINCI Group revenue was in 2016 approx. 361 billion NOK.
"We would like to thank the management team, the employees and all other stakeholders for their contributions to Infratek's development. Triton has been the owner of Infratek for more than four years and we view this as an appropriate time for an ownership change to an industrial owner. Infratek and VINCI Group fit well together and the combined business should have a good future. We look forward to continuing our investment activity in the Nordics, acting as a responsible owner and an agent of positive change in the businesses we partner with," says Peder Prahl, Director of the General Partner to the Triton fund.
About Infratek Group
Infratek employs around 1,350 people and is the leading total supplier in the Nordic region within building, operating and maintaining critical infrastructure. Our head office is in Oslo, and we have several offices across Norway, Sweden and Finland.
Infratek plays an important role in society by ensuring that the fundamental infrastructure functions appropriately. As an estimate, more than two million people in the Nordic region are dependent on the work we do for our customers every day. We deliver a broad range of services in the fields of power supply, railway systems and lighting.
For further information: www.infratekgroup.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 31 companies currently in Triton's portfolio have combined sales of around €14.5 billion and around 90,000 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