Rudersberg (Germany), 16 January 2014
'In the past years, despite challenging market dynamics, WERU has not only been able to reduce debt but also build a solid foundation for further expansion. Through appropriate investment of both time and capital, WERU is virtually debt free today' said Peder Prahl, Director of the General Partner of the Triton funds. 'We are confident that WERU will continue to grow under H.I.G.'s ownership.'
Acquired in 1999, WERU was the first investment of the Triton Funds. In spite of a rapidly shrinking European window market, WERU was able to maintain a leading market position through a targeted investment programme in efficiency, the sales organisation and new products. Triton provided the company with fresh capital several times during this period. In 2012 WERU generated a turnover of approximately EUR 143m.