Polaris Private Equity

Polaris Private Equity acquires TRIAX A/S from Nielsen & Nielsen Holding A/S

Polaris Private Equity has successfully acquired TRIAX A/S from Nielsen & Nielsen Holding A/S.

?TRIAX is an international market leader of innovative, high-tech solutions for reception and distribution of TV, radio and internet. TRIAX’ products and solutions are used by broadcasters, cable operators, local networks and private households. Following Nielsen & Nielsen Holding’s 28 years of successful ownership, TRIAX is now ready for further product and market development. Through its newly established fund, Polaris IV, Polaris has signed a definitive agreement, subject to customary regulatory requirements and approvals, to acquire all outstanding shares of TRIAX A/S from Nielsen & Nielsen Holding A/S.

During recent years, TRIAX has successfully managed the revenue contraction that followed the conclusion of the migration from analogue to digital signal broadcasting in Europe. TRIAX is now in a good position for revenue and profit growth. TRIAX, which posted 2014/2015 revenue of DKK 608 million and earnings (EBITDA) of DKK 52 million, has 310 employees.

Niels Worning, Partner at Polaris Private Equity said:
“With the solid market position of TRIAX, its strong management, and its dedicated employees, we are very excited about the acquisition of TRIAX. We are planning for continued improvements and significant growth in revenue and profit over the coming years. If the opportunity is there and the fit is right, Polaris hopes to further strengthen TRIAX via add-on acquisitions.”

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