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M&A

TRENCH GROUP

Acquired by

TRITON PARTNERS

GERMANY Industrial Equipment REV [500m EUR - 1b EUR] 04/2024

Target

TRENCH GROUP

Acquirer

TRITON PARTNERS

Context

Triton acquired the Trench business from Siemens Energy. The deal allows Siemens Energy to sharpen its portfolio while giving Trench the independence to invest in capacity expansion to meet the booming demand for grid infrastructure. Triton supported the carve-out and setup of standalone functions.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.5x since the beginning of 2026, 3.1% increase compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Trench Group is a global leader in high-voltage grid components, including bushings, instrument transformers, and coils. These critical components are used by utilities to measure, protect, and control the flow of electricity in transmission and distribution grids. The group employs ~2,400 people and operates 9 factories globally.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
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2023
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Other operations with TRENCH GROUP

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.