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