Oslo (Norway), 11 December 2017 - Funds advised by Triton ('Triton') have completed the acquisition of a majority interest in Glamox AS (“Glamox”), a Norwegian industrial group that develops, manufactures and distributes professional lighting solutions for the global market, from Arendals Fossekompani ASA. Glamox is a leading supplier to the world's marine and offshore markets, and a significant supplier to the professional building market in Northern Europe.
'We want to support the management and employees of Glamox as a stable owner by investing in and supporting the growth and development of the company. We will contribute with our strategic insights and operational know-how in this industry. We look forward to working together with the management team, the Board of Directors and the other shareholders in building a stronger company', said Peder Prahl, Director of the General Partner for the Triton funds.