trending Market Intelligence /marketintelligence/en/news-insights/trending/rnvh_jrxbcclgzgaavzdhq2 content esgSubNav
In This List

Aurelius to purchase water valves supplier VAG from Rexnord

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Aurelius to purchase water valves supplier VAG from Rexnord

German middle-market private equity firm Aurelius Equity Opportunities SE & Co. KGaA will buy water and waste water valves maker VAG-Armaturen GmbH from U.S.-based multiplatform industrial company Rexnord Corp. for an undisclosed amount.

VAG is a supplier of valves for water treatment and distribution, waste water management, dams, power stations and the energy sector.

Aurelius will spin off VAG from Rexnord and make it independent, expand the company's biggest facility in the Czech Republic where it has its own foundry operations, optimize its procurement and distribution structures and potentially make it a platform for pursuing add-on acquisitions.

The deal is expected to be completed during the fourth quarter of 2018.