Frankfurt / Gelsenkirchen (Germany), 26 May 2023
Under Triton’s ownership, Norres Baggerman has been developed into a European market leader in the manufacturing and technical installation of industrial hose systems. It serves a variety of industries such as agriculture, food & pharma, plastics, wood processing, robotics, and fluid applications, as well as power engineering as core markets.
The company has around 400 employees and has a global footprint across Europe, the US and Asia, with six manufacturing facilities and 15 sales offices. Its global production network is a significant competitive advantage, as it allows customers to be supplied with consistently high quality and available products on a global scale.
Triton acquired Norres Baggerman in 2018 with the aim of developing the company into a European market leader by accelerating its growth, and by supporting its internationalization efforts and it´s development into a system provider.
During Triton’s investment period, NORRES has completed three acquisitions, drove ca. 10% annual organic growth, and increased its sales by more than 170% to well over EUR 100 million. The company has also implemented a clearly defined framework to enhance its ESG capabilities.