Laatzen (Germany) — Funds advised by Triton (“Triton”) have successfully completed the sale of Aventics to Emerson (NYSE: EMR). Aventics is one of the world’s leading companies in the field of intelligent pneumatic technologies used in machine and factory automation. The parties have agreed not to disclose the purchase price.
Triton acquired Aventics in December 2013 through a corporate carve-out from Bosch. Under Triton’s ownership, Aventics’ management and advisory board have worked together on a number of improvement initiatives to strengthen the company’s position as one of the world’s leading manufacturers of intelligent pneumatic technologies for machine and factory automation applications.
Key improvement initiatives include the internationalization of the business, the divestment of non-core businesses, and efficiency gains in production. In preparation for the future, the digitization of the company was started by introducing digital tools. It also included occupational safety programs, investments in product development and the establishment of a new global sales organization
About Aventics
Aventics is one of the leading manufacturers of pneumatic components and systems. The pneumatics specialists offer products and services for industrial automation and the food, packaging, medical and energy technology sectors. The company also develops solutions for commercial vehicles, ships and rail vehicles.
By integrating electronics, using modern materials and focusing on machine safety and Industry 4.0, Aventics is a pioneer in user- and environmentally-friendly solutions. With the expansion of digitalization, Aventics is positioning itself for the future.
Aventics can look back on around 150 years of pneumatics experience and employs over 2,000 people worldwide. From its production sites in Germany, France, Hungary, USA and China, Aventics sells its products through direct sales and distributors in more than 100 countries. Aventics Group has multiple certifications, including ISO 9001 and ISO/TS 16949 for quality, ISO 50001 for energy management, and ISO 14001 for environmental management.
About Triton
The Triton funds invest in medium-sized companies based in Europe and support their positive development. They focus on companies in the industrial, services and consumer goods/healthcare sectors.
Triton’s goal is to successfully develop its portfolio companies in the long term by working together as partners. Triton and its management strive to generate positive change and growth through the sustainable improvement of operational processes and structures. At present, Triton’s portfolio includes 35 companies with total sales of around EUR 13 billion and around 87,000 employees.