M&A Deal Summary

Triton Partners Acquires Veltec

On May 9, 2016, private equity firm Triton Partners acquired business services company Veltec from Voith Turbo & Co. KG

Acquisition Highlights
  • This is Triton Partners’ 6th transaction in the Business Services sector.
  • This is Triton Partners’ 6th transaction in Denmark.
Investment Fate
  • Veltec was sold to a strategic buyer in 2018.
  • Veltec was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2016-05-09
Target Veltec
Sector Business Services
Buyer(s) Triton Partners
Sellers(s) Voith Turbo & Co. KG
Deal Type Divestiture

Target

Veltec

Ringsted, Denmark
Veltec is a provider of industrial maintenance and projects. Veltec was founded in 1962 and is based in Ringsted, Denmark.

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Buyer(S) 1

Buyer

Triton Partners

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 21.0B 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 51 of 105
Sector: Business Services M&A 6 of 11
Type: Divestiture M&A Deals 23 of 33
Country: Denmark M&A 6 of 9
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 battenfeld-cincinnati

Bad Oeynhausen, Germany

battenfeld-cincinnati is a global extrusion equipment and services company that provides engineering and innovation. The company supplies extrusion equipment and downstream processing equipment, in addition to extensive tooling, dies, spare parts, and service capabilities, for the global pipe, profile, film, and sheet markets. Its operations span Europe, the United States, and Asia and include long-established and storied brands, such as Battenfeld-Cincinnati, Exelliq (formerly known as Greiner Extrusion), and Simplas. battenfeld-cincinnati was founded in 1943 and is based in Bad Oeynhausen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 FlaktGroup

Herne, Germany

FlaktGroup is a provider of ventilation and air climate solutions for buildings as well as air movement solutions for industry and infrastructure applications. Flakt has built up expertise in applications by delivering BREEAM, LEED, DGNB or HQE solutions for major projects for: offices, hotels, hospitals, airports, and commercial construction projects including specialist applications like data-centers, pharmaceutical, marine, nuclear, oil and gas all over the world. FlaktGroup was formed in 2002 and is based in Herne, Germany.

Buy -

Seller(S) 1

SELLER

Voith Turbo & Co. KG

Crailsheim, Germany

Category Company
Sector Construction
Employees6,485
Revenue 1.5B EUR (2013)
DESCRIPTION

Voith Turbo contributes to moving millions of people, goods and machines reliably. Our highly advanced technologies transmit and control powers under extreme conditions – safely and resource-sparingly. Drive components and systems from Voith Turbo can be found in a wide variety of industries: they are installed wherever power has to be converted into controlled movement. Voith Turbo is organized in four Business Divisions: "Power, Oil & Gas", "Mining & Metals", "Rail" and "Commercial Vehicles".


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Denmark M&A 1 of 1
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-07 Helix Systems

Bessemer, Alaska, United States

Helix Systems Inc. is an industrial services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Leadec

Stuttgart, Germany

Leadec is a software service specialist for factories across their entire life cycle and related infrastructure. Leadec is based in Stuttgart, Germany.

Sell -