Triton Beteiligungsberatung GmbH / Key word(s): Finance/
Triton completes sale of Dunkermotoren to US electronics instruments
manufacturer AMETEK
DGAP-Media / 21.05.2012 / 14:21
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Triton completes sale of Dunkermotoren to US electronics instruments
manufacturer AMETEK
- Dunkermotoren now in excellent shape thanks to systematic expansion of
production and sales force
- Investment in R&D has doubled in recent years
- 250 new jobs and continuity in the management team since Triton came on
board in 2009
- 'We have managed to turn Dunkermotoren from a local player into a
European market leader. Today the company is in excellent shape
financially and operationally, and has every opportunity to continue
its growth under the new owner,' said a Triton spokesperson
Frankfurt, 21/05/2012 - Today the independent private equity firm Triton
completed its previously announced sale of the precision motion control
specialist Dunkermotoren, Germany, to AMETEK Inc, a US manufacturer of
electronic instruments and electromechanical devices.
Triton bought the manufacturer of high-precision electric drives for use in
industrial automation, building technology, energy technology and medical
technology in 2009 when it was a non-core business of the
telecommunications provider Alcatel-Lucent. Due to focussed operational
improvements, broad investment in R&D and the internationalisation of
production and sales organization, Triton has turned Dunkermotoren into a
European market leader in a few years. After Triton came on board the
company steadily increased its turnover from EUR 100m to EUR 150m.
'Despite a challenging market environment, we have doubled investment in
R&D and managed to improve the company's ability to innovate. In addition
we have supported targeted acquisitions in the field of technology and a
rapid expansion of sales operations and technology centres in the US, China
and Europe. The company has extended its product range and sales network
and enhanced customer proximity, all of which has strengthened
Dunkermotoren's ability to compete in the long term,' said a Triton
spokesperson. During Tritons ownership, Dunkermotoren has continued to hire
and invest into training. A total of 250 new jobs have been created since
Triton's investment, also at the company's headquarters in Bonndorf.
'Triton has played an active role at Dunkermotoren during its investment
period. By allocating funds to the expansion of our headquarters and
production site in Germany, Triton has demonstrated its continued
commitment to our corporate headquarters in Bonndorf,' said Works Council
Chairman Lothar Isele.
'In recent years, we have never been short of money to invest. Triton has
always supported us when we suggested sensible investments for the
company,' said Nikolaus Gräf, CEO of Dunkermotoren. A Triton spokesperson
added: 'We continued with the first-class and very experienced management
team that was in place when we acquired Dunkermotoren. This continuity was
crucial in our joint efforts to quickly develop the company to the next
level. We supported ideas from the management that would have been
difficult to implement as non-core part of a large corporation. It was
important that the management could always call upon the expertise of
experienced industry specialists on Triton's newly formed Advisory Board.'
The acquisition of Dunkermotoren represents a strategic addition to
AMETEKand an expansion of its international presence. 'With our very strong
market position, our product focus and the great technical know-how of our
employees, we fit perfectly into AMETEK,' said Nikolaus Gräf.
About Dunkermotoren
Dunkermotoren has been developing and producing high-precision electric
drive systems for customers in industrial automation, building technology,
energy technology (photovoltaics) and medical technology for over 50 years.
The company's key products include brushless DC servo motors, brushed DC
motors, a broad range of planetary and worm gearboxes, brakes and encoders.
The company's headquarters is located in Bonndorf in the Black Forest
(Baden-Württemberg). With additional branches in Taicang (China),
Elgin/Chicago (US), Basildon (UK) and Subotica (Serbia), Dunkermotoren
currently employs around 1000 people in total.
More information about Dunkermotoren is available online at
www.dunkermotoren.de
About TRITON
TRITON is an independent investment firm dedicated to investing in leading
medium-size companies in central and northern European countries. The 25
companies currently in its portfolio are based in Germany, Switzerland,
Austria and the Nordics and focus on three core sectors; service industry,
the industrial sector and healthcare and consumer goods. Since its
foundation in 1997, TRITON has helped implement strategies for growth in
approximately 40 companies, including making further company acquisitions
on their behalf to create new opportunities for development. With
approximately 70 experienced investment consultants operating from five
offices, in Jersey, London, Frankfurt, Stockholm and Luxembourg, TRITON and
its advisers have outstanding expertise in working alongside management
teams to turnaround, develop and grow businesses, particularly those which
have encountered operational or financial difficulties.
For further information: www.triton-partners.com
About AMETEK
AMETEK, Inc. is a leading global manufacturer of electronic instruments and
electro-mechanical devices with annualized sales of $3.3 billion. AMETEK's
Corporate Growth Plan is based on Four Key Strategies: Operational
Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion
and New Products. AMETEK's objective is double-digit percentage growth in
earnings per share over the business cycle and a superior return on total
capital. The common stock of AMETEK is a component of the S&P MidCap 400
and the Russell 1000 Indices.
For further information: www.ametek.com
Media contact
Max Hohenberg
CNC Communications & Network Consulting AG
Tel.: +49 172 899 6264
E-Mail: Max.Hohenberg@cnc-communications.com
End of Media Release
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May 21, 2012 08:22 ET (12:22 GMT)
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