Triton Acquires Techouse AS from Bluewater

Techouse Group Acquires Eureka Group AS

May 28, 2024

Manufacturing

Triton portfolio company Techouse Group AS has agreed to acquire Eureka Group AS from Remold Invest AS (owned by HitecVision funds) and Aker Capital AS. Eureka, an Oslo-based pump and genset supplier with ~150 employees, will operate as a separate subsidiary to expand Techouse Group's offshore and energy recovery offering and diversify into non-oil & gas segments including offshore wind.

Triton Completes Acquisition of Siemens Energy's Trench Business

April 2, 2024

Manufacturing

Triton Fund V, advised by Triton, has completed the acquisition of Siemens Energy's Trench business, a global manufacturer of high‑voltage grid components. Trench operates nine factories across Europe, North America and China with approximately 2,400 employees; Triton said the asset will support its strategy to back market‑leading industrial technology companies and benefit from the energy transition.

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.

Ideagen Acquires Tritan Software

May 10, 2023

Software

UK-based software company Ideagen has acquired Tritan Software, a Miami-headquartered provider of maritime health, safety and compliance software. The acquisition expands Ideagen's regulated-industry software portfolio into the maritime, cruise and offshore markets and aims to accelerate Tritan's growth and service expansion under Ideagen's platform.

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.

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.