Triton
Aventics is sold to Emerson
Triton has announced its intention to sell Aventics to Emerson. An agreement has been reached with Emerson on the framework conditions and the regulatory approval process is underway.
Aventics is a manufacturer of pneumatic components and systems whose products and services are aimed at industrial automation and the food, packaging, medical and energy technology sectors. The company also develops solutions for commercial vehicles, ships and rail vehicles. Aventics employs over 2,000 people worldwide.
Emerson, headquartered in St. Louis, Missouri (USA), is a global technology and engineering group that provides solutions for customers in the industrial, commercial and residential real estate markets. The Emerson Automation Solutions division helps process, hybrid and discrete manufacturing companies maximize production, protect people and the environment, and optimize energy and operating costs.
"Triton has owned Aventics for more than four years. We see this as an appropriate time to continue the development of Aventics with a long-term oriented industrial owner", says Peder Prahl, Director of the General Partner at Triton. The transaction is expected to close in Q3 2018, subject to regulatory approvals, completion of necessary consultations and other customary closing conditions.
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