Triton has asked UBS to organise an auction, whichis expected to launch later this year, they said.
Aventics makes pneumatic components for industrial,automotive and marine applications. It counts Volkswagen, Volvo, Caterpillar and Siemensamong its customers.
It is expected to post earnings before interest, tax,depreciation and amortisation (EBITDA) of around
The company, which was bought by Triton for around
When Aventics was sold to Triton, private equity firms suchas Advent and Capvis had also showed interest.
Triton and UBS declined to comment.(