Triton Water AG, a Norderstedt, Germany-based provider of complete water-cycle industrial and maritime water treatment solutions, has received an investment of undisclosed amount from EDB Investments of Singapore.
With the transaction, EDBI has acquired a stake in Triton and has taken a seat on the company’s supervisory board.
Wölbern Private Equity GmbH also participated in the round through its cleantech fund and will also be represented on the supervisory board.
Triton provides its clients, which include major industrial and maritime players such as Airbus, Philips, SiC Processing and Hapag Lloyd, with a one-stop shop for their water requirements.
The investment will support Triton’s strategy to establish a presence in Southeast Asia, which represents an important opportunity to work with global partners to develop applications for its new product, CompEx, a rubber powder solution that separates oil from water.