Triton buys up Ramudden, a Sweden-based specialist provider of work zone safety control services in the Nordics.

Ramudden, a Gävle, Sweden-based provider of work zone safety solutions, announced that its owners, IK Investment Partners, entered into an agreement to sell the company to Triton Partners.

The financial details of the transaction remain undisclosed and completion of the transaction is subject to legal and regulatory approvals.

Ramudden, founded in 2005 and led by CEO Hans-Olov Blom, provides the market in Sweden, Norway, Finland and Estonia with work zone safety solutions, including rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement planning, and education, surveillance and maintenance services. Customers are mainly civil engineering contractors and construction companies.

IK Investment Partners bought Ramudden in 2014 and since then Ramudden has more than doubled the turnover, and successfully executed five add-on acquisitions, strengthening their presence in core geographies and expanding into the Baltics.

Ramudden employs over 450 people, and recorded a turnover exceeding SEK 700M ($84M) in 2017.