Triton Completes Acquisition of Siemens Energy's Trench Business

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.

Eiffage Énergie Systèmes Acquires EQOS from Triton

April 23, 2024

Infrastructure

Funds advised by Triton have signed an agreement to sell EQOS, a European specialty installation and service company focused on energy, telecoms and rail infrastructure, to Eiffage Énergie Systèmes. Terms were not disclosed; under Triton EQOS reached ~EUR 459m revenue and ~1,700 employees, and Eiffage said the acquisition will help it enter and densify energy infrastructure markets in Germany and Austria.

Triton Acquires VolkerWessels' V&N Group (Visser & Smit Hanab, VW Telecom and Homij)

April 5, 2024

Infrastructure

Funds advised by Triton have agreed to acquire 100% of VolkerWessels Verbindingen en Netwerken B.V. (V&N Group), the parent of Visser & Smit Hanab, VW Telecom and Homij. The multi-utility service provider (3,100 employees) operates across the Netherlands providing energy & utility, connectivity and building installation services; Triton plans to invest to accelerate growth driven by the energy transition and digitalisation.

Triton (via Crayfish Bidco Oy) Completes Acquisition of Caverion

November 6, 2023

Industrial Services

Funds advised by Triton have completed a voluntary public cash tender offer for Caverion Corporation through Crayfish Bidco Oy and now own approximately 94.39% of Caverion's shares. Caverion is a Finland-headquartered provider of multi-technical installation and services for the built environment with ~15,000 employees; Triton positions the deal as a platform to accelerate Caverion's transformation, drive operational excellence and pursue selective growth.

Triton (via Rebecca BidCo) Acquires Majority Stake in RENK AG

January 30, 2020

Manufacturing

Triton V, through its subsidiary Rebecca BidCo, signed an agreement to acquire a majority stake in RENK AG from Volkswagen Vermögensverwaltungs-GmbH and other shareholders, valuing VW’s 76% stake at €97.80 per share. The transaction completed in October 2020 after a voluntary public takeover offer that secured an additional ~14.2% of shares; RENK AG (headquartered in Augsburg, Germany) will be a Triton portfolio company focused on expanding its technology leadership and digitalisation initiatives.

Triton Acquires Bosch Security and Communications Technology Product Business (BSCT)

December 12, 2024

Manufacturing

Funds advised by Triton have signed an agreement to acquire the Bosch Security and Communications Technology product business (BSCT) from the Bosch Group. BSCT—maker of video surveillance, access and intrusion control, and professional communication products (brands include Dynacord, Electro-Voice, RTS, Telex)—has ~4,300 employees, generated more than €1 billion in revenues in FY2023, and the transaction is expected to close by the end of H1 2025 subject to regulatory approvals.