UNQUOTE

Axa Private Equity buys Phönix/Strack Group

  • Emanuel Eftimiu
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Axa Private Equity has acquired a majority stake in PhУЖnix/Strack Group, a special valves supplier to the chemical industry.

No financial details for the transaction have been disclosed, but the investor is looking to grow the company internationally through add-on acquisitions as well as by exploiting existing market opportunities.

Founded in 1910, Phönix Strack manufactures special valves for international blue chip companies in the fields of energy, petrochemicals and chemicals. The group generated revenues of approximately €40m in 2009 and employs a workforce of 250 at its plants in Volkmarsen and Magdeburg as well as through its sales entities in France and the US.


The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Emanuel Eftimiu on +44 20 7004 7464 or emanuel.eftimiu@incisivemedia.com

 

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