Triton takes over Logstor

Date: 24 June 2013

Private equity fund Montagu has signed an agreement with Triton Fund III to take over pipe manufacturer LOGSTOR.
 
The acquisition of the company must be approved by the competition authorities, and the terms of the transaction have not been disclosed, according to LOGSTOR.


“We look forward to the partnership with Triton and to embark on the next chapter in our development where we willt continue to offer products and services of the highest quality to our customer base worldwide. Our work with the company in recent years – where we have developed new products and have entered into new markets – has enabled us to meet the needs that have arisen as a result of infrastructure investments and focus on energy savings”, says Martin McCourt, who is CEO of LOGSTOR.


Director of Montagu Private Equity, Mark Dunfoy, said: “LOGSTOR is known and recognized for its innovation and cutting edge technology. The company has maintained its position as market leader through the economic crisis and has expanded into new markets, reflecting the quality of their products. We wish Triton and the management the greatest success for LOGSTOR in the future.


Source: Energy Supply / LOGSTOR