Clearwater International Germany advises Triton on the sale of Veltec Group to Plant Systems & Services PSS
Clearwater International Germany has advised investment firm Triton Beratungsgesellschaft (Triton) on the sale of Veltec Group (Veltec), part of Leadec-Group, to Plant Systems & Services PSS GmbH (PSS).
Veltec, previously known as Voith Industrial Services, is a specialist for technical services in the process and power plant industry, with decades of experience in a wide range of plant types across numerous industries. The company has approximately 1,000 employees and operates two regional hubs, covering large parts of Western Europe. Veltec has long-term relationships with blue-chip customers in attractive end-markets including oil & gas, chemicals and energy.
Leadec is the leading provider of technical services in the automotive and manufacturing industries. Headquartered in Stuttgart, Germany, the company has approximately 20,000 people worldwide and generated sales of c.€900m in 2017. Leadec has been supporting its customers for over 50 years along the entire production value chain. With the sale of Veltec, Leadec continues to focus on strengthening its market position in the manufacturing industry.
PSS is the holding of a group of specialised companies providing services to the energy and process industries, such as power plants, chemical and steel companies, waste incinerators and district heating providers. The group consists of four portfolio businesses, among them Etabo Energietechnik und Anlagenservice GmbH.