Triton acquires security and communications technology product business from Bosch

Frankfurt (Germany), 12 December 2024 – Funds advised by Triton (“Triton”) have signed an agreement to acquire the security and communications technology product business (“BSCT”), from Bosch Group (“Bosch”). It is the second carve-out Triton acquires from Bosch. The transaction is subject to regulatory approvals and further customary closing conditions. It is expected to be closed by the end of the first half of 2025. 

BSCT is a globally leading provider of innovative security and professional communication solutions. The offering comprises intelligent product solutions in the areas of video surveillance, access and intrusion control as well as professional communication. The company operates in fundamentally growing markets globally with approx. 4,300 employees in 90 locations and generates more than 1 billion euro in revenues. BSCT’s products are renowned for their high-quality and reliability standards and technological leadership, and, in the area of communication systems, are represented through further renowned brands such as Dynacord, Electro-Voice, RTS, and Telex.

“We are pleased to have reached an agreement with Bosch and to be the preferred buyer for BSCT. We want to support the management and employees to continue the strong growth trajectory that BSCT recently saw by providing not only capital, but also our know-how from having owned and successfully developed other companies in the security space,” says Claus von Hermann, Managing Partner and Co-lead of the Industrial Tech team at Triton.

Christian Fischer, deputy chairman of the board of management of Robert Bosch GmbH, with responsibility for Bosch Group portfolio management and thus also for this planned transaction, says: “It was our aim to find a suitable buyer who will acquire all three security and communications technology business units and offer their associates an outlook for the future. We have achieved that aim. Triton has presented a sustainable and credible growth strategy for the business. As an investor, moreover, it can provide a high level of industrial expertise and many years of experience in taking comparable companies forward.” 

Peter Loeffler, the CEO of Bosch Building Technologies’ product business, adds: “With Triton as our new owner, its expertise and support we will have a strong base for further, profitable growth. We will work together to push ahead with innovations in the security and communications area – to the usual high-quality standards and with comprehensive expertise. The entire team is looking forward to making our new company a success and will remain a reliable partner for our customers.” 

“BSCT is at the core of our investment strategy to further develop market leading companies while Security and Professional Audio are focus areas within Triton’s Building Technology sector strategy. We do see significant market growth in the years ahead and believe BSCT is well positioned to capitalize on this. Our goal is to invest in the company’s brands, technology, sales force, and go-to-market strategies,” adds Sachin Jivanji, Investment Advisory Professional at Triton.

Triton has many years of experience in carving out businesses from blue-chip corporations, such as Bosch, Siemens, Volkswagen, and others. Almost half of all Mid-Market investments made since Triton’s inception over 25 years ago have been carve-outs. The proposed transaction is the second carve-out transaction Triton plans to undertake with Bosch, following the acquisition of Aventics (formerly known as Rexroth Pneumatics) in December 2013. It demonstrates trust in Triton’s industry knowledge, value creation plan, and long-lasting partnership with leading European corporations.