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Announced

Triton to acquire Inwerk for £90m.

Synopsis

Triton agreed to acquire a majority stake of Inwerk, an online provider of professional office furniture in Germany, for £90m. Inwerk is a developer, manufacturer and retailer of office furniture systems. It was founded in 2001 and employs around 80 people at two locations in North Rhine-Westphalia and Hesse. "Inwerk is the 10th investment of the Triton Smaller Mid-Cap Fund. The company is well positioned in the growing German online office furniture market, which has significant potential for further growth. It has a strong track record of substantially outgrowing the market and we look forward to supporting Inwerk on its further expansion strategy including the strengthening of its footprint across core regions," Andi Klein, Triton Investment Advisory Professional and Member.

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