TALIS signed a Joint Venture Agreement with Chinese valve producer Kc-Val
Heidenheim (Germany), 14 July 2016 – TALIS Group (Talis), a Triton Fund III company, announced today that its French subsidiary, Bayard SAS signed a Joint Venture Agreement with the Chinese company KC-Val. Completion is subject to regulatory approval.
The 60% Talis held Joint Venture, TALIS Flow Control (Shanghai) Co.Ltd, will take over the current industrial activities of KC-Val and focus on the production of control valves. The new Joint Venture will increase Talis’ global footprint and strengthen its sourcing, manufacturing and selling capabilities.
About TALIS
TALIS protects water and thereby improves the living conditions of millions of people worldwide. TALIS strives to make the world a better place by being the best water flow control solutions company worldwide.
TALIS does this by being a leading global provider of premium water valves, hydrants and solutions/services for water flow control. TALIS is known to its customers around the world through its own leading brands such as Bayard, Belgicast, Erhard and Raphael.
The success of the international group headquartered in Germany with 21 entities and 12 production sites all over the world is based on the motivation, knowledge and capabilities of its 1300+ employees.
In 2015, the Group realized worldwide net sales of € 234 million.
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 26 companies currently in Triton's portfolio have combined sales of around €11.5 billion and around 53,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
