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Triton to buy majority stake in German industrial hose manufacturer

Triton, a middle-market buyout firm, agreed to buy a majority stake in German industrial hose maker NORRES Schlauchtechnik GmbH for an undisclosed sum.

The deal is being conducted through Triton Smaller Mid-Cap Fund.

The U.K.-based private equity firm, which invests in midsize European businesses in the industrial, business services, consumer and health sectors, said the capital is expected to expedite NORRES' growth and international expansion.