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     2015  0 Kommentare Triton acquires the auxiliary components business of Alstom's Thermal Power division


    (DGAP-Media / 01.04.2014 / 09:46)

    Triton acquires the auxiliary components business of Alstom's Thermal Power
    division

    Paris/Mannheim, 1 April 2014 - Funds advised by Triton ("Triton") have
    entered into an agreement to acquire the auxiliary components business of
    Alstom's Thermal Power division for an Enterprise Value of around EUR730
    million. The transaction was approved by the Board of directors of Alstom
    on 31 March. The transaction is expected to close before the end of 1st
    half of fiscal year 2014/15.

    The auxiliary components business is part of the steam segment within
    Alstom's Thermal Power division and is active both in the new equipment
    market and aftermarket services across three product lines: air preheaters
    and gas-gas heaters for thermal power plants, heat transfer solutions for a
    variety of petrochemical and industrial processes, and grinding mills for
    diversified industrial applications. Headquartered in Mannheim, Germany,
    the company employs over 1,500 people worldwide, with operations in
    Germany, the USA, Japan, China, India, Brazil, Switzerland and the Czech
    Republic. For the fiscal year ending 31 March, 2014, the business is
    expected to generate revenues in excess of EUR430 million, with strong
    growth prospects for the years ahead.

    "Triton looks forward to working with the management team and employees to
    strengthen and grow the company," says Peder Prahl, Director of the General
    Partner of the Triton funds.

    "This transaction highlights the strength and value of Alstom portfolio of
    activities, and illustrates the group's ability to deliver on its strategy
    of selective, value-enhancing disposals", said Nicolas Tissot, Chief
    Financial Officer of Alstom.

    The development of the business will rely on a mutually beneficial
    relationship between Triton and Alstom. Philippe Cochet, President of
    Thermal Power added: "This sale will ensure a solid future for employees
    and a sustainable quality of service for customers. Alstom, which already
    contributed up to 20% of the sales, will remain a major customer."

    About Triton

    The Triton funds invest in and support the positive development of
    medium-sized businesses headquartered in Northern Europe - with a focus on
    Germany, Switzerland, Austria and the four Nordic countries: Denmark,
    Finland, Norway and Sweden. Within this European region, Triton focuses on
    businesses in the Industrial, Business Services, and Consumer/Health
    sectors.

    Founded in 1997, 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 25 companies currently in Triton's portfolio have combined sales of
    approximately 13 billion Euro and over 55,000 employees.

    The Triton funds are advised by dedicated teams of investment professionals
    based in Germany, Sweden, United Kingdom, Luxembourg and Jersey.

    For further information: www.triton-partners.com

    Media Contact

    DACH
    Max Hohenberg
    Tel: +49 89 599 458 132
    Email: triton@cnc-communications.com

    UK
    Fiona Micallef-Eynaud / Edward Moore
    Tel: +44 207 404 5959
    tritonlondon@brunswickgroup.com


    End of Media Release

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    Issuer: Triton Beratungsgesellschaft GmbH
    Key word(s): Finance

    01.04.2014 Dissemination of a Press Release, transmitted by DGAP - a
    company of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Triton acquires the auxiliary components business of Alstom's Thermal Power division (DGAP-Media / 01.04.2014 / 09:46) Triton acquires the auxiliary components business of Alstom's Thermal Power division Paris/Mannheim, 1 April 2014 - Funds advised by Triton ("Triton") have entered into an agreement to acquire the auxiliary …