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Triton to launch sale of parts maker Aventics -sources

FRANKFURT, Feb 28 (Reuters) - Buyout group Triton is preparing the sale of pneumatics parts maker Aventics, a former unit of German automotive supplier Robert Bosch, which could fetch a price of around 500 million euros ($610 million), people close to the matter said.

Triton has asked UBS (LSE: 0QNR.L - news) to organise an auction, which is expected to launch later this year, they said.

Aventics makes pneumatic components for industrial, automotive and marine applications. It counts Volkswagen (Xetra: 766400 - news) , Volvo, Caterpillar (LSE: 0Q18.L - news) and Siemens (Berlin: 29783751.BE - news) among its customers.

It is expected to post earnings before interest, tax, depreciation and amortisation (EBITDA) of around 60 million euros this year.

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The company, which was bought by Triton for around 200 million euros in 2013 is expected to be shopped to peers such as Festo, Emerson, IMI (LSE: IMI.L - news) and Parker.

When Aventics was sold to Triton, private equity firms such as Advent and Capvis had also showed interest.

Triton and UBS declined to comment. ($1 = 0.8201 euros) (Reporting by Arno Schuetze Editing by Maria Sheahan)