NORRES Group (Triton portfolio) Acquires Jarl Elmgren AB

NORRES Acquires Baggerman Group

July 26, 2021

Manufacturing

NORRES Group, a portfolio company of Triton Smaller Mid-Cap Fund I, has agreed to acquire Baggerman Group, a nearly 70-year-old manufacturer and distributor of industrial hoses, couplings and accessories. The acquisition (terms undisclosed) expands NORRES's product portfolio and European footprint, creating a broader industrial-hose platform across multiple European markets.

Nalka Acquires Norres Baggerman Group from Triton

May 26, 2023

Manufacturing

Nalka DACH Investments SA SICAF-RAIF (Nalka) has acquired Norres Baggerman Group (NORRES), a European manufacturer of industrial plastic hoses, from the Triton Smaller Mid-Cap Fund I (advised by Triton). NORRES, headquartered in Gelsenkirchen, Germany, employs around 400 people across six production facilities and 15 sales/warehousing sites and serves end markets including agriculture, food & pharma, and plastics processing.

NORRES Acquires Italian Hose Manufacturer De Bernardi

February 3, 2020

Manufacturing

NORRES Group, a portfolio company of Triton Smaller Mid‑Cap Fund, has acquired Italian hose manufacturer and distributor De Bernardi. The acquisition supports NORRES' internationalization strategy and strengthens its market position in Italy; financial terms were not disclosed.

Triton (Smaller Mid Cap Fund) Acquires Norstat Group

November 22, 2019

Data & Analytics

The Smaller Mid Cap Fund advised by Triton has signed and subsequently completed the acquisition of Norstat Group, a pan‑European provider of panel access and data collection services for consumer market research. Triton will support Norstat's growth and geographic diversification, backing the company's online transition and potential bolt‑on acquisitions across continental Europe.

EG Acquires Ørn Software Holding AS

August 1, 2022

Cloud & SaaS

EG, a Nordic vertical software company, completed the acquisition of Norwegian SaaS provider Ørn Software Holding AS on 1 August 2022 after receiving required regulatory approvals. The deal brings Ørn's ~160 employees and suite of SaaS products for real estate, energy & sustainability, maintenance and quality control into EG's portfolio to expand its industry-specific SaaS capabilities across the Nordics.

Eleda Group Acquired by Management Consortium from Triton

January 10, 2020

Construction

Funds advised by Triton have sold Eleda Infra Services Group to a consortium made up of the group's management team (led by Johan Halvardsson and Peter Condrup); terms were not disclosed. Eleda, headquartered in Stockholm, is a civil engineering and infrastructure services group operating regional companies with ~800 employees and pro forma sales of approximately SEK 3.0 billion (12 months to Sept 2019).