German private equity firm Triton has agreed its second deal in a week, with the buyout of a heating components business from French company Alstom for €730 million.

Triton is set to buy the components business of Alstom's Thermal Power division, which makes new heating equipment for power plants and factories, and also services the equipment. The division is based in Mannheim in Germany, employing over 1,500 people worldwide and is expected to generate revenues of over €430 million for the year ended March 2014, according to Triton.