Trill Impact completed the acquisition of a majority stake in Komet Austria.

Trill Impact, a private equity firm, completed the acquisition of a majority stake in Komet Austria, an irrigation components manufacturer. Financial terms were not disclosed. "In our view, the water- and energy-efficient irrigation components of Komet contribute to solving pressing environmental and societal challenges, resulting from increasing water scarcity and an ever-growing global population. Trill Impact sees high-growth potential for Komet with its strong product portfolio in a market being driven by secular long-term trends," Korbinian Knoblach, Trill Impact Advisory Partner.