Triton acquires Logstor from Montagu
Triton has agreed to acquire Danish pipe systems supplier Logstor from Montagu Private Equity and other shareholders.
Triton, via Triton Fund III, will acquire all the shares in Logstor from funds managed by Montagu. Triton plans to invite management and key personnel to be co-owners of the company.
The acquisition is subject to approval by the competition authorities.
Montagu acquired Logstor in 2006 from Axcel, Polaris and FIH. The acquisition was made in partnership with the company's incumbent management team.
Company
Headquartered in Løgstør, Denmark, Logstor is a supplier of pre‐insulated pipe systems for energy‐efficient transportation of liquids and gases for district heating and cooling, marine and industrial purposes as well as oil and gas pipelines.
The group's production sites are located in Denmark, Poland, Sweden, Finland and China. The company has subsidiaries in Austria, China, Finland, France, Germany, Italy, Lithuania, the Netherlands, Poland, Romania, Russia, Sweden and Switzerland.
Logstor employs approximately 1,300 people.
People
Peder Prahl is a general partner at Triton Funds.
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