Frankfurt - Funds advised by Triton ('Triton') have signed an agreement to acquire Fläkt Woods Group, a leading provider of air technologies solutions for HVAC systems for the best Air Comfort & Fire Safety environment. The parties have agreed not to disclose the purchase price. The transaction is subject to regulatory approval in the relevant jurisdictions.
'We want to support the management and employees of Fläkt Woods as a stable owner in 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 and the Board of Directors in building a stronger company', said Peder Prahl, Director of the General Partner for the Triton funds.
“This transaction is an important milestone, enabling us to leverage our past developments and to bring the Group to the next level with a focus on air technology around connected and integrated HVAC solutions. We welcome Triton as a new majority owner, and a respected investor who will support us in future value creation plans and expanding our market positions”, said Didier Forget, Chief Executive Officer of Fläkt Woods Group.