
Triton buys Lamina Technologies
Triton has bought a majority stake in Switzerland-based carbide drilling company Lamina Technologies.
The company's previous shareholders were China Everbright and Catalyst Investments.
Triton aims to strengthen the company's market position, seeking add-on acquisitions and expanding its product portfolio, according to a statement.
Triton deployed equity via its first Smaller Mid-Cap Fund, which held a final close in July 2018 on €448m, surpassing its target of €350m. The vehicle writes equity cheques of €20-50m for businesses in the DACH and Nordic regions that have enterprise values of €25-100m. The vehicle is around 70% deployed.
Company
Lamina produces carbide drilling technology, specialising in processes including turning, parting, mulling, drilling and threading. The company's Multi-Mat technology allows its products to be used on a range of materials. Founded in 2001 and based in Yverdons-les-Bains, Lamina has 59 employees, according to LinkedIn.
People
Triton – Peder Prahl (managing partner, CEO); Andi Klein (investment advisory professional).
Lamina Technologies – Peleg Amir (CEO).
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