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EY India acted as the exclusive sell-side M&A advisor to the shareholders of Trident Pneumatics Pvt. Ltd.
EY has successfully advised shareholders of Trident Pneumatics Pvt. Ltd. in divesting their 100% stake to Atlas Copco Group, making it one of the prominent cross-border deals in the industrials sector in India.
Trident Pneumatics Pvt. Ltd. – Founded in 1988, Trident is a leading manufacturer specializing in compressed air treatment and on-site gas generation. Headquartered in Coimbatore, the company offers a comprehensive product range. Trident reported revenues of approximately INR 100 crore in FY 2023-24.
Atlas Copco Group – A Swedish multinational industrial company that provides solutions across air compression, vacuum, industrial, and power techniques. In 2023, the Group reported revenues of over US$16 billion and employed approximately 53,000 people worldwide.
This transaction provides a successful exit for the promoters of Trident. It reinforces the investment thesis that industrial and manufacturing companies with strong technical and execution capabilities, along with sound financial health, will continue to attract interest from global strategic investors. This acquisition not only expands the Atlas Copco Group's presence in India but also strengthens the Group's offerings in air treatment and on-site gas generation.