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Announced

Completed

AVK Group completed the acquisiton of Bayard and Belgicast from Triton Partners.

Synopsis

AVK Group, a specialist in the production of valves, hydrants for the water & gas distribution network and wastewater treatment, completed the acquisition of Bayard, a provider of wide range of products and services for the design, construction, operation and maintenance of water networks, and Belgicast, a manufacturer of various types of valves like butterfly, gate, and check valves and provides sewage and irrigation solutions, from Triton Partners, a private equity firm. Financial terms were not disclosed. "The new companies will significantly strengthen our position in several markets and business segments, and will add comprehensive knowledge within our AVK Water sectors and in desalination technology. With a very broad product offering, optimised production facilities and a strong team of motivated people, we look forward to working together to further support our customers and markets with quality products and solutions, securing safety in the infrastructure networks. I know that all companies will benefit from being part of the global AVK organisation, where they will be able to access further support in the key strategic areas of growth, leadership and lean," Morten Sæderup Nielsen, AVK Group Water Director.

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