Triton Agrees Deal to Buy Gearbox Maker Flender from Carlyle

Triton Partners has agreed to acquire Flender GmbH, a provider of mechanical and electrical drive technology, from Carlyle Group Inc.

The companies didn’t disclose terms of the deal in a statement on Wednesday. Bloomberg News previously reported that the transaction values Flender at about €3 billion ($3.5 billion).

Founded in 1899, Flender develops and manufactures mechanical and electrical drive systems, including gearboxes, couplings, and generators, that power industrial machinery, its website shows. It also makes gear units for wind turbines under the Winergy brand name.

Based in Bocholt, Germany, Flender operates in more than 30 countries and reported €2.2 ...