M&A Deal Summary

Kelvion Acquires Rocore

On September 18, 2018, Kelvion acquired manufacturer Rocore from Triton Partners

Acquisition Highlights
  • This is Kelvion’s 1st transaction in the Manufacturing sector.
  • This is Kelvion’s 1st transaction in the United States.
  • This is Kelvion’s 1st transaction in Indiana.

M&A Deal Summary
Date 2018-09-18
Target Rocore
Sector Manufacturing
Buyer(s) Kelvion
Sellers(s) Triton Partners
Deal Type Add-on Acquisition

Target

Rocore

Indianapolis, Indiana, United States
Rocore is a designer and manufacturer of heat exchangers and related equipment used to cool air, water, or oil for a variety of applications. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments. Rocore was founded in 1984 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Kelvion

Herne, Germany
Category Company
Founded 1920
Sector Building Materials
Employees4,500
Revenue 900M EUR (2015)
DESCRIPTION

Kelvion is a manufacturer of industrial heat exchangers for different kinds of markets. Kelvion was founded in 1920 and is based in Herne, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 33 of 51
Sector (Manufacturing) 1 of 5
Type (Add-on Acquisition) 19 of 28
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Ewellix

Gothenburg, Sweden

Ewellix is a global innovator and manufacturer of actuation and linear motion solutions. Its products are used in a wide range of applications and equipment, including medical, mobile machinery, assembly automation and robotics, as well as various general industrial applications. The company operates 6 manufacturing units across the US, Europe and Asia, enabling efficient delivery to its worldwide customer base. Ewellix is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Norres

Gelsenkirchen, Germany

Norres is a manufacturer of plastic industrial hoses with production sites in China and the U.S. Norres offers an extensive range of standard and made-to-measure branded industrial hoses which are used for pneumatic conveying of different media types (i.e. solids, gases or liquids) across various industries. Norres was founded in 1889 and is based in Gelsenkirchen, Germany.

Buy -
Mergr

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