Polaris Private Equity has signed a definitive agreement, subject to customary regulatory requirements and approvals, to acquire all outstanding shares of Triax A/S from Nielsen & Nielsen Holding A/S.
With more than 60 years of experience within the industry, Triax has headquarters in Denmark, as well as eight European subsidiaries. Products and solutions include signal processing, multiswitches, amplifiers, headends, aerials, and dishes. The product portfolio consists of both own products and sourced products.
Triax posted 2014/2015 revenue of EUR82 Million and earnings (EBIT) EUR5.6 Million (EBITDA) of EUR7 Million, and has 310 employees.
“This is a very important milestone for Triax, and we are truly excited about TRIAX’s future prospects, which can be utilized under new ownership”, said Claus Omann, CEO of Triax.
“With the strong support of Polaris, we are very well positioned to accelerate the development and growth throughout the EMEA region”.
“Triax has shown a strong development throughout some busy years with the European conversion from analogue to digital signals. We have owned Triax for nearly 30 years and it has been a very good investment for us. We got an attractive offer and as a result of the strong and constructive dialogue we have had with Polaris, we are convinced that Triax and the many talented employees, who have been a big part of the development of the company, are facing an exciting new future”, said Søren K. Vilby, CEO of Nielsen & Nielsen Holding A/S.
“With the solid market position of Triax, its strong management, and its dedicated employees, we are very excited about the acquisition of Triax. We are planning for continued improvements and significant growth in revenue and profit over the coming years. If the opportunity is there and the fit is right, Polaris hopes to further strengthen Triax via add-on acquisitions”, says Niels Worning, partner at Polaris Private Equity.
“Triax has a unique and strong market position. With continued exponential growth in data and multimedia consumption worldwide, Triax can grow significantly in the coming years. However, continued market, product and solutions development are necessary to stay competitive and relevant”, said Allan J. Vestergaard, the incoming Chairman of the Board of Triax.
“I very much look forward to working with management and employees to realize the ambitious vision of Triax.”
