Bochum (Germany), 31 October 2014- Funds advised by Triton ("Triton") have successfully closed the acquisition of GEA Group's heat exchangers business. GEA's heat exchanger business is an important manufacturer of heat exchanger products globally and holds strong market positions in Germany and Western Europe. The company offers a diversified product line and an application portfolio including wet and dry cooling systems and components, as well as other project-type businesses. Headquartered in Bochum, Germany, the company employs about 7,300 people worldwide. It generated revenues of €1.5 billion in 2013.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.