Frankfurt/Heidenheim (Germany), 31 August 2016 - Funds advised by Triton have completed the acquisition of Voith Industrial Services, a leading provider of value-add technical services for the industrial sector, from Voith GmbH. The parties have agreed not to disclose the purchase price. Triton acquires a majority stake in the entire Group Division and will continue the business under a new name. Voith GmbH remains engaged with a minority stake and will accompany the transition.
About Voith*
Voith sets standards in the energy, oil & gas, paper, raw materials and transport & automotive markets. Founded in 1867, Voith today has more than 20,000 employees and earns 4.3 billion euros in sales. It has locations in over 50 countries in all regions of the world and is one of the largest family-owned companies in Europe.
*Excluding discontinued business such as Voith Industrial Services
About Voith Industrial Services
Voith Industrial Services offers a broad spectrum of technical services. The commitment and the know-how of our employees make us one of the internationally leading industrial specialists for manufacturers and suppliers all over the world.
With a workforce of about 17,200 employees at more than 200 locations at home and abroad we strive to provide perfect customer solutions. Our in-depth industrial know-how and the excellent cooperation of our specialists result in a unique portfolio that enables us to reliably support the processes of our customers.
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.