Linklaters advised the private equity investor Triton with regard to the acquisition of the pneumatics business of Bosch Rexroth AG. The funds advised by Triton signed an agreement to this effect. The transaction, which is still subject to approval by the antitrust authorities, comprises all assets of the previously outsourced subsidiary of Bosch Rexroth. It has been agreed that the purchase price will not be disclosed.

Founded in 1997, Triton is dedicated to investing in medium-size businesses headquartered in Northern Europe, in particular focussing on businesses in the industrial, business services, and consumer/healthcare sectors. The investor’s portfolio currently comprises 25 businesses with more than 52,000 associates generating total sales of around €12.9 billion.

Rexroth Pneumatics employs around 2,100 associates at manufacturing sites in Germany, France, Hungary, the United States and China who produce valves and cylinders for industrial machines, the automotive and transport industry, the energy sector and further sectors. The company’s global sales network extends over more than 35 countries.

Triton was advised by a Linklaters team led by Dr Rainer Traugott (Corporate, Munich).