{"id":42298,"date":"2018-06-18T20:41:24","date_gmt":"2018-06-18T18:41:24","guid":{"rendered":"https:\/\/newserver.fyb.de\/exit-triton-completes-sale-of-ovako\/"},"modified":"2018-06-18T20:41:24","modified_gmt":"2018-06-18T18:41:24","slug":"exit-triton-completes-sale-of-ovako","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/exit-triton-completes-sale-of-ovako\/","title":{"rendered":"Exit: Triton completes sale of&nbsp;Ovako"},"content":{"rendered":"<p>Stock\u00adholm (Sweden) \/ Tokyo (Japan) \u2014 Funds advi\u00adsed by<strong> Triton<\/strong> (\u201cTriton\u201d) have successfully comple\u00adted the sale of <strong>Ovako<\/strong> AB (\u201cOvako\u201d), a leading Euro\u00adpean produ\u00adcer of struc\u00adtu\u00adral steel, to Nippon Steel &amp; Sumitomo Metal Corpo\u00adra\u00adtion (\u201cNSSMC\u201d), one of the worl\u00add\u2019s largest steel produ\u00adcers by volume (as of&nbsp;2017).<\/p>\n<p>Triton acqui\u00adred Ovako in the wake of the finan\u00adcial crisis in 2010. During the seven years under Triton, Ovako\u2019s manage\u00adment and board have worked toge\u00adther on a number of impro\u00adve\u00adment initia\u00adti\u00adves to streng\u00adthen Ovako\u2019s posi\u00adtion as one of Euro\u00adpe\u2019s leading struc\u00adtu\u00adral steel produ\u00adcers. Key impro\u00adve\u00adment initia\u00adti\u00adves include clear segment stra\u00adte\u00adgies, manu\u00adfac\u00adtu\u00adring effi\u00adci\u00aden\u00adcies, employee safety programs, invest\u00adments in product deve\u00adlo\u00adp\u00adment, buil\u00adding a new global sales orga\u00adniza\u00adtion and intro\u00addu\u00adcing digi\u00adtal tools to improve the sales process.<\/p>\n<p><strong>About Ovako<\/strong><br>\nOvako deve\u00adlops high-tech steel solu\u00adti\u00adons for and in colla\u00adbo\u00adra\u00adtion with its custo\u00admers in the storage, trans\u00adport and manu\u00adfac\u00adtu\u00adring indus\u00adtries. Ovako Steel makes its custo\u00admers\u2019 end products more dura\u00adble and extends their service life, ulti\u00adm\u00adately resul\u00adting in smar\u00adter, more energy-effi\u00adci\u00adent and envi\u00adron\u00admen\u00adtally friendly products.<\/p>\n<p>Ovako produc\u00adtion is based on recy\u00adcled scrap and includes steel in the form of bars, tubes, rings and pre-compon\u00adents. Ovako is repre\u00adsen\u00adted in more than 30 count\u00adries and has sales offices in Europe, North America and Asia. Ovako gene\u00adra\u00adted sales of 921 million euros in 2017 and employed 3,040 people at the end of the year. For more infor\u00adma\u00adtion, please visit www.ovako.com<\/p>\n<p><strong>About Triton<\/strong><br>\nThe Triton funds invest in and support the posi\u00adtive deve\u00adlo\u00adp\u00adment of medium-sized compa\u00adnies based in Europe and focus on compa\u00adnies in the indus\u00adtrial, busi\u00adness services and consumer\/health sectors.<\/p>\n<p>Triton is commit\u00adted to helping build better compa\u00adnies for the long term. Triton and its leaders are commit\u00adted to helping shape posi\u00adtive change toward sustainable opera\u00adtio\u00adnal impro\u00adve\u00adments and growth. The 36 compa\u00adnies curr\u00adently in Triton\u2019s port\u00adfo\u00adlio have combi\u00adned sales of around \u20ac13.2 billion and employ around 89,000 people.<\/p>\n<p>The Triton funds are advi\u00adsed by specia\u00adli\u00adzed teams of profes\u00adsio\u00adnals in Germany, Sweden, Norway, Finland, Denmark, Italy, the UK, the US, China, Luxem\u00adbourg and Jersey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock\u00adholm (Sweden) \/ Tokyo (Japan) \u2014 Funds advi\u00adsed by Triton (\u201cTriton\u201d) have successfully comple\u00adted the sale of Ovako AB (\u201cOvako\u201d), a leading Euro\u00adpean produ\u00adcer of struc\u00adtu\u00adral steel, to Nippon Steel &amp; Sumitomo Metal Corpo\u00adra\u00adtion (\u201cNSSMC\u201d), one of the worl\u00add\u2019s largest steel produ\u00adcers by volume (as of&nbsp;2017). Triton acqui\u00adred Ovako in the wake of the financial&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1364,1366],"tags":[],"class_list":["post-42298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-en","category-news-en","news-category-private-equity-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exit: Triton completes sale of Ovako - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/exit-triton-completes-sale-of-ovako\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exit: Triton completes sale of Ovako - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Stock\u00adholm (Sweden) \/ Tokyo (Japan) \u2014 Funds advi\u00adsed by Triton (\u201cTriton\u201d) have successfully comple\u00adted the sale of Ovako AB (\u201cOvako\u201d), a leading Euro\u00adpean produ\u00adcer of struc\u00adtu\u00adral steel, to Nippon Steel &amp; Sumitomo Metal Corpo\u00adra\u00adtion (\u201cNSSMC\u201d), one of the worl\u00add\u2019s largest steel produ\u00adcers by volume (as of&nbsp;2017). 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