Siemens Energy sells Trench unit to Triton

Siemens Energy agreed to sell its high-voltage components unit Trench to private equity firm Triton. The deal is expected to close in the first half of 2024; the price was not disclosed.

“The companies, which announced the agreement Thursday, didn’t disclose the price for Trench, which was acquired by Siemens in 2004 for €285 million ($315 million).”news.bloomberglaw.com

• 2 sources
• news.bloomberglaw.comSiemens Energy Sells Electrical Component Unit Trench To TritonWilfried Eckl-DornaOct 12, 2023
• reuters.comTriton to buy Siemens Energy's Trench, deal to close in 2024Oct 12, 2023

Summarized from public sources; check the original articles before acting on it.