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German water services company Triton Format has secured €10.4 million (£9.2 million) for organic expansion and potential acquisitions from European cleantech investor Zouk ventures, alongside US investor Meidlinger Partners and senior management.

The company said the funds would enable it to continue its buy-and-build strategy and gain market share in the fragmented water market.

Triton, which designs, assembles and installs water treatment modules, describes itself as an integrated water technology platform that serves the maritime, industrial and small municipal sectors across the entire water cycle.

Dr Kacirek and Dr Thomas Zubke-von Thünen, Triton’s executive management team, said: “We are delighted with the commitment from our new investors and are keen to leverage their experience in building a world-class water company.”

The company was established in 1851 as Triton-Werke Ferdinand Müller. Today, it has clients in Europe, the Middle East, the US and China.

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