Polaris fund acquires TRIAX
June 17, 2015
Polaris Private Equity has acquired TRIAX A/S from Nielsen & Nielsen Holding.
TRIAX is an international provider of 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 says it 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.
TRIAX has this week posted 2014/2015 revenue of €82 million and EBITDA of €7 million, it has 310 employees.