Triton to sell Norres Baggerman Group to Nalka Invest

• Triton acquired Norres Baggerman in 2018
• Norres saw about 10% annual organic growth, and sales rose by over 170% to over €100m during Triton’s investment period
• Triton is an investment firm that invests in European headquartered medium-sized businesses

The Triton Smaller Mid-Cap Fund I (TSM), advised by Triton Partners, will sell Norres I Baggerman Group, a manufacturer of industrial plastic hoses in Europe, to Nalka Invest. No financial details of the transaction were disclosed.

Norres is headquartered in Gelsenkirchen, Germany and employs around 400 people.

Triton acquired Norres Baggerman in 2018.

Norres has completed three acquisitions, saw about 10 percent annual organic growth, and increased its sales by over 170 percent to over €100 million during Triton’s investment period, according to a release.

“We believe that Norres is very well positioned for a sustainable future and that Nalka is the right partner to accompany Norres Baggerman into further future success,” said Andi Klein, managing partner, and head of TSM.

Nalka, based in Stockholm, Sweden, is an investment firm targeting small and medium-sized businesses based in the Nordic and DACH regions. The firm’s current portfolio consists of 10 companies with combined sales of more than €2 billion.

Nalka is part of Interogo Holding, a foundation-owned investment group based in Switzerland.

Triton, based in London, invests in European headquartered medium-sized businesses in industrial tech, services, consumer, and healthcare. Companies currently in Triton’s portfolio have combined sales of around €18 billion and employs over 105,000 people.