MUNICH – The sale of Bosch Group’s security and communications technology product business to European investment firm Triton has been successfully completed, according to a joint announcement.
With all necessary clearances secured, KEENFINITY Group “will operate as an independent company within the Triton portfolio,” the announcement says.
“We are excited about our future as a standalone company and convinced that the partnership with Triton brings us the opportunity to realize our full potential,” says Peter Loeffler, CEO of Keenfinity, in the joint announcement. “Our renowned brands exemplify our dedication to quality, reliability and innovation, laying a solid foundation for future growth.
“With a global presence, excellent products, and a dedicated team we will continue to focus on customer expectations and evolving market requirements,” he says.
Why Triton Acquired Keenfinity from Bosch
Keenfinity is “the powerhouse behind globally recognized, industry-leading brands, ready to harness their legacy of quality, reliability and technological excellence to explore new opportunities in the global security and communications technology markets,” according to the joint announcement.
The company’s offerings include intelligent video systems, advanced access control and intrusion alarm technology, as well as communication systems from Bosch, Electro-Voice, Dynacord, RTS and Telex.
All products are developed and manufactured by Keenfinity. The four manufacturing facilities and adjacent distribution centers in Straubing in Germany, Ovar in Portugal, Hermosillo in Mexico and Zhuhai in China provide global production flexibility across Europe, the Americas and China.
“Keenfinity is at the core of our investment strategy to further develop market leading companies. We see significant untapped potential and want to support by investing in the company’s brands, technology, sales force, and go-to-market strategies, providing our know-how from having owned and successfully developed other businesses in the security and broader building technologies space,” says Sachin Jivanji, investment advisory professional at Triton, in the joint announcement.
Some of the international legal entities of the company will initiate the renaming process to Keenfinity starting this month. This is a change in name only, not affecting ownership or operations in the respective country, according to the joint announcement.
