• Creation of Germany’s largest online retailer for printer ink and toner
• One million active customers and annual revenue exceeding €100 million

17 September 2024

Hattingen/Uelzen – The TonerPartner Group, a leading online retailer of printer ink and toner across Europe, is solidifying its market position through the strategic acquisition of Trensco. TonerPartner, based in Hattingen, has acquired 100% of Trensco GmbH & Co. KG, headquartered in Uelzen, along with its brands HD Toner and HQ-Fit. This acquisition creates the largest online retailer in Germany within this sector, with approximately one million active customers and annual revenue exceeding €100 million. The acquisition builds on TonerPartner Group’s expansion strategy, following its acquisition of the French company SAS Rousselle.com in 2021 and German company Druckerpatronen.de in 2022.

“HD Toner has cultivated an impressive number of loyal private and commercial customers. We see strong growth potential by leveraging optimized, AI-driven online marketing, enhancing procurement synergies, and introducing our ‘Green Line’ sustainable product range to HD Toner’s customer base,” said Morten Severon, CEO of the TonerPartner Group. He added, “With its sports and fitness products marketed under HQ-Fit, Trensco has successfully built a second pillar, which presents a valuable additional growth avenue for the TonerPartner Group.” He further confirmed that Trensco’s products will continue to be marketed under the established HD Toner and HQ-Fit brands.

“Partnering with the TonerPartner Group unlocks exciting new growth opportunities for Trensco. With TonerPartner Group’s strong brand portfolio, advanced sales platform, and extensive expertise, we are convinced that Trensco and its employees will continue to thrive” emphasized Anja and Patric Weiß, founders and managing directors of Trensco.

“The acquisition of Trensco underscores Rivean Capital’s continued commitment to expand the TonerPartner platform and its market position. This is yet another testimonial of our role as a partner for growth for SME companies. We are excited to support TonerPartner Group in this next phase of expansion” remarked Andreas Klab, Partner at Rivean Capital and Head of Rivean Capital’s German office. Rivean Capital has owned TonerPartner Group since 2021.

—

About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over €5 billion in assets. Since its founding in 1982, Rivean Capital has supported more than 250 companies in achieving their growth goals. For more information, visit www.riveancapital.com.

For Inquiries:

Rivean Capital
Maikel Wieland
Partner – Head of Investor Relations & Co-Investments
m.wieland@riveancapital.com
Phone: +41 43 268 20 30