Rexroth Pneumatics employs around 2,100 people worldwide and has manufacturing sites in Germany, China, Hungary, France and the US. It was formed following the merger of Bosch Automation and Rexroth in 2001 and has been operating as a stand-alone business within Bosch Rexroth since June 2013.
In February 2012, Bosch Rexroth announced that it wanted to sell its pneumatics business to allow it to explore long-term growth opportunities outside of the factory automation sector.
The sale of our activities to Triton - an owner with broad experience in the successful management of medium-sized companies - was the next consistent and logical step toward ensuring the successful further development of our pneumatics business, says Bosch Rexroth president, Karl Tragl. Over the last few years, Bosch Rexroth has successfully developed this business and laid the necessary groundwork for Bosch Pneumatics to be able to gain market share beyond factory automation.
Rexroth Pneumatics has the potential to benefit from market growth, driven by an increasing global trend towards automation, adds Triton director, Peder Prahl. We are confident that focused investment will enable the company to operate successfully as a stand-alone entity.
Triton invests in medium-sized businesses based in Northern Europe and focuses on the industrial, business services, and consumer/healthcare sectors. One of its earlier acquisitions was the German motion control specialist, Dunkermotoren, which it bought from Alacatel-Lucent in 2010 for 145m and sold to the Ametek corporation for around 250m two years later. Another example is the logistics automation equipment supplier, Dematic formerly Siemens Logistics & Assembly Systems which Triton acquired in 2006 and sold on to AEA Investors and Teachers' Private Capital in 2012.