M&A Deal Summary

Triton Partners Acquires Glamox

On September 29, 2017, private equity firm Triton Partners acquired electrical equipment company Glamox from Arendals Fossekompani

Acquisition Highlights
  • This is Triton Partners’ 3rd transaction in the Electrical Equipment sector.
  • This is Triton Partners’ 5th transaction in Norway.

M&A Deal Summary

Date 2017-09-29
Target Glamox
Sector Electrical Equipment
Buyer(s) Triton Partners
Sellers(s) Arendals Fossekompani
Deal Type Divestiture

Target

Glamox

Oslo, Norway
Glamox develops, manufactures, and distributes professional lighting solutions for the global market. Glamox is a supplier to the world's marine and offshore markets, and a significant supplier to the professional building market in Europe. The Group owns a range of quality lighting brands including Glamox, Aqua Signal, Luxo, Norselight and LINKSrechts. Glamox was formed in 1947 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

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 59 of 94
Sector (Electrical Equipment) 3 of 4
Type (Divestiture) 26 of 30
Country (Norway) 5 of 7
Year (2017) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Tokai COBEX

Wiesbaden, Germany

Tokai COBEX GmbH is a manufacturer of carbon and graphite products for the primary aluminum and iron making industry and other metallurgical smelting processes. Tokai COBEX’s core areas of expertise lie in the manufacture of cathodes, furnace linings, and carbon electrodes in premium quality and with maximum consistency. Tokai COBEXenjoys long-standing, trust-based partnerships with numerous customers around the world. Through innovative solutions, Tokai COBEX helps its customers create added value and optimize the total cost of ownership. A highly skilled team with years of experience in product development and application assists our customers with their technical knowledge and expertise. Tokai COBEX was formed in 2017 and is based in Wiesbaden, Germany with two plants in Poland and sales and technical services in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 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.

Buy -

Seller(S) 1

SELLER

Arendals Fossekompani

Arendal, Norway

Category Company
Founded 1896
Sector Renewable Energy
Employees1,103
Revenue 5.4B NOK (2023)
DESCRIPTION

Arendals Fossekompani is a diversified power and investment group owns and operates three hydro power stations in the Arendal area, in addition to holding a substantial portfolio of both industrial and financial investments. Arendals Fossekompani was incorporated in 1896 and is based in Arendal, Norway.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2017) 1 of 1