Displaying items by tag: Triton

Germany: UK-based Triton Investment Management Limited subsidiary Scur-Alpha has entered into a share purchase agreement with Volkswagen for the German gear manufacturer Renk. Renk will continue to serve the cement industry with its special gear units and horizontal slide bearings under the new ownership.

Germany: ARVOS Group, the former Alstom Auxiliary Components business, has become a standalone corporation with Triton as its new shareholder. ARVOS Group is a global manufacturer of regenerative heat exchangers for thermal power generation facilities, process critical applications in the chemical and petrochemical industry and grinding mills. Over the course of the transition, the company's headquarters will be relocated from Mannheim, Germany to Heidelberg, Germany.

"As a standalone company, we are able to focus more effectively on strengthening our global market and technology leadership position in order to enhance thermal power plants through sustainable energy efficiency and the chemical industry through innovation," said ARVOS Group CEO, Thorsten Holl.