Stockholm, Gävle and Sundsvall - Funds advised by Triton ('Triton') have signed an agreement to acquire Ramudden, a leading specialist provider of work zone safety control services in the Nordics for road, construction and general industry purposes.
'We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute our strategic insights from the industry and region. 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.
'Ramudden, as one of the market leaders in the Nordics, has been continuously building its current presence over the last years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor that will embrace and support the execution of our plans for further developing the company for the future,' said Hans-Olov Blom, CEO of Ramudden.
“Ramudden is a great company with an impressive growth profile. We are convinced about the positive fundamentals of this industry segment and are looking forward to supporting the growth in the coming years,” added Carl Johan Falkenberg, Investment Advisory Professional and Advisor to the Triton Funds.