Triton has revealed that it has completed its acquisition of a security and communications technology product business from Bosch, that is now operating as Keenfinity Group
Funds advised by Triton have successfully completed the acquisition of the security and communications technology product business (“BSCT”), from Bosch Group (“Bosch”), now operating as Keenfinity Group, the company reports.
Keenfinity is a provider of innovative security and professional communication solutions.
According to the company, the business offering comprises intelligent product solutions in the areas of video surveillance, access control and intrusion as well as professional communication.
Keenfinity operates in fundamentally growing markets globally with approx. 4,300 employees in 90 locations and generates more than 1 billion euro in revenues.
Triton says that Keenfinity’s products are renowned for their high-quality and reliability standards and technological leadership and in the area of communication systems, are represented through further renowned brands such as:
Keenfinity is at the core of Triton’s investment strategy to further develop market leading companies in growing markets.
Security and Professional Audio are focus areas of Triton’s efforts in Building Technologies where investments have repeatedly been undertaken.
The company highlights that it has many years of experience in carving out businesses from blue-chip corporations, such as Bosch, Siemens and Volkswagen to name a few.
Almost half of all Mid-Market investments made since Triton’s inception over 25 years ago have been carve-outs, the company notes.
The proposed transaction is the second carve-out transaction Triton plans to undertake with Bosch, following the acquisition of Aventics (formerly known as Rexroth Pneumatics) in December 2013.
Triton explains that it demonstrates trust in its industry knowledge, value creation plan and long-lasting partnership with leading European corporations.