Triton Partners agrees to buy Siemens Energy’s Trench biz

Trench is a high-voltage component manufacturer.

  • Triton invested in Trench via its Triton Fund V
  • The transaction is expected to be completed during the first half of 2024
  • Triton is a European mid-market investor based in London

Triton Partners has agreed to acquire Siemens Energy’s Trench business, a high-voltage grid component manufacturer.

Triton made the investment via its Triton Fund V.

Trench manufactures bushings, instrument transformers and coil products, sold under the brands HSP and Trench. It has 2,400 employees and nine factory locations across Europe, North America, and China, including Germany, Austria, France, Italy, Canada, and Bulgaria.

“We look forward to supporting the management and employees on their journey to grow the business and to expand its market leadership in close collaboration with Siemens Energy through a long-term supply agreement,” said Steffen Reimund, investment advisory professional at Triton.

The transaction, subject to regulatory approvals, is expected to be completed during the first half of 2024.

Triton, based in London, is a European mid-market investor that focuses on industrial tech, business services, consumer, and healthcare. The firm’s investments in the sector include EQOS and Sediver.

Siemens Energy is an energy technology company based in Munich.

No financial terms of the transaction were disclosed.