Stockholm (Sweden) / Aalborg (Denmark), 27 April 2021
“We want to support the management and employees of Geia Food by investing in and supporting the continued growth and development of the company. We look forward to working together with the management team to strengthen the company’s position among its customers and across regions”, said Peder Prahl, Director of the General Partner for the Triton funds.
Founded in 2014 by the merger of two separate Danish food import companies, Geia Food is the leading food concept provider in the Scandinavian market operating across Denmark, Norway, Sweden and Finland. The company connects a base of approximately 250 suppliers from across the globe with Nordic grocery retailers and convenience stores.
“Geia Food is the second investment of the Triton Smaller Mid-Cap II Fund and its first in Denmark and the Nordics. We are investing in a fantastic company, with a leading position in its industry gained through innovation, strong networks and responsibility. Geia Food is active on a stable Nordic market and their model of cooperation with Nordic retailers and their clients demand for new concepts contribute to strong underlying growth”, says Per Frankling, Investment Advisory Professional and member of the TSM II Investment Advisory committee.
“We are very happy to have a strong and well recognized partner as Triton as an owner, which will give us further opportunities to develop the business both organically and through value-adding acquisitions in Scandinavia. In combination with a strong commitment from existing management as well as many key employees across all our markets, this creates a very good platform for continuous expansion”, says Claus Ravnsbo, Group CEO Geia Food.