Triton's Eqos Energie bolts on AML Elektrotechnik

Ebner Aichinger Guggenberger acted as insolvency adviser to AML. The company filed for insolvency following a loss of €2m in 2019, in part due to the crisis in the automotive industry in Germany, according to press reports. The company had liabilities amounting to €3.6m.

Following the deal, Eqos has taken on all staff employed by AML and has established a new site in the Salzburg region, according to a statement. Eqos will also expand its service portfolio to include product automation following the acquisition.

Triton acquired Eqos Energie (then known as Alpine Energy) in August 2013 from listed Spanish infrastructure group Fomento de Construcciones y Contratas (FCC). The company was originally part of Austria-based construction group Alpine.

The transaction was an all-equity deal from Triton IV, which held a final close in May 2013 on €3.3bn. The fund was fully deployed as of September 2019 and has made 19 platform investments, according to Unquote Data.

During the investment period, the company acquired Bilfinger FRB, and also sold its Czech Republic-based operations to Genesis and Avallon in February 2018.

Eqos Energie reported revenues of €462m in 2012 at the time of Triton's investment. The company reported revenues of €224m in 2018.

Company
Founded in 2010, AML Elektrotechnik is an electrical engineering company headquartered in Koppl, Austria. The company provides services in areas such as hardware design and software installation. Its customer base has been primarily concentrated in the automotive sector. The company employs 25 people.

People
Triton – Peder Prahl (general partner).
AML Elektrotechnik – Manfred Resch (CEO).
Eqos Energie – Eric Mendel (CEO).

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