Triton Sells Assemblin, EQOS Energie, Flokk and Unica into Triton IV Continuation Fund

Triton IV Continuation Fund Acquires Flokk Group (Innova Capital Exit)

May 1, 2023

Manufacturing

Innova Capital and its minority co-investors sold their stake in Flokk Group as part of a larger transaction that moved four Triton Fund IV portfolio companies (Assemblin, EQOS, Flokk and Unica) into the newly-formed Triton IV Continuation Fund (TIV CF). The deal represents Innova's final exit from its Innova/5 vehicle and transfers majority-held assets into the continuation fund managed by Triton.

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 Combines Assemblin and Caverion to Form Assemblin Caverion Group

March 5, 2024

Engineering Services

Triton is combining its portfolio companies Assemblin and Caverion into the newly formed Assemblin Caverion Group, creating a leading Northern European technical service and installation business. The combined group will be incorporated in Sweden, operate across around ten countries, generate roughly EUR 3.8 billion (SEK 43.5 billion) in annual turnover and employ about 21,900 people; leadership will be drawn from both businesses with Assemblin CEO Mats Johansson as Group CEO.

EQOS Energie (Triton portfolio) Acquires Bilfinger FRB GmbH and Bilfinger FRB S.à r.l.

March 21, 2019

Energy

EQOS Energie, a Triton Fund IV portfolio company, has acquired all shares of overhead line construction specialist Bilfinger FRB GmbH (Dinslaken, Germany) and Bilfinger FRB S.à r.l. (Luxembourg), effective 1 April 2019. The add-on brings approximately 180 specialists across six additional locations, expanding EQOS Energie’s project capacity and local service footprint in energy transmission and related infrastructure.

Triton (via Trisall AB) Acquires HiQ International AB

October 22, 2020

IT Services

Triton Fund V, through its acquisition vehicle Trisall AB, acquired a controlling stake in Stockholm-based digital transformation and custom software firm HiQ International AB via a public tender offer at SEK 72 per share and has initiated compulsory acquisition of remaining shares with plans to de-list HiQ from Nasdaq Stockholm. The transaction gives Triton ownership of approximately 91% of HiQ and is positioned as a platform acquisition to invest in HiQ's growth and expand its position as a Northern European leader in digital services.

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.