Triton completes sale of Aventics
Laatzen (Germany), 17 July 2018 – Funds advised by Triton ("Triton") have successfully completed the sale of Aventics, a global leader in smart pneumatics technologies that power machine and factory automation applications to Emerson (NYSE: EMR). The parties have agreed not to disclose the terms of the transaction.
Triton acquired Aventics in December 2013 in a corporate carve-out from Bosch. During Triton’s ownership period, the management and board of Aventics have worked together on a number of improvement initiatives with the aim of strengthening Aventics position as one of the leading global producers of smart pneumatics technologies that power machine and factory automation applications. Key improvement initiatives include internationalising of the business, disposing of non-core activities and increasing production efficiency, preparing for the future by expanding its approach to digitalization by launching of digital tools, employee safety programs, investments in product development and establishment of a new global sales organization.
Aventics is one of the world’s leading manufacturers of pneumatic components and systems. The pneumatic engineering company provides products and services for industrial automation, as well as the food, packaging, medical, and energy technology industries. The company also develops solutions for the commercial vehicles, marine, and railway technology sectors.
By integrating electronics, the use of state-of-the-art materials, and focusing on machine safety and the Internet of Things (I4.0), Aventics is a pioneer in applied and environmentally-friendly solutions. With around 150 years of expertise in pneumatics, Aventics employs over 2,000 associates worldwide. From production sites in Germany, France, Hungary, the USA, and China, Aventics markets its products in over 100 countries through direct sales and sales partners. The Aventics Group has received multiple certifications, including ISO 9001 and ISO/TS 16949 for quality, ISO 50001 for energy management, and ISO 14001 for environmental management.
Further information is available at www.aventics.com.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 35 companies currently in Triton's portfolio have combined sales of around €13 billion and around 87,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
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