Triton-backed Talis adds Raphael Valves

The company is looking to strengthen its product portfolio and geographic footprint following the acquisition. Talis' management says the merger will enable immediate access to the irrigation equipment market and expand the company's product range.

Previously, Triton acquired Talis, formerly known as Tyco Waterworks, in July 2010 from Tyco International for $245m. The investment was made from the €1.9bn Triton Fund III.

Company
Raphael Valves Industries is a manufacturer of control valves, based in Or-Aqiva. The company was founded in 1949.

Heidenheim-based Talis, is an umbrella brand including trade names such as Erhard, Frischhut, Strate, Schmieding, Unijoint, Wafrega, Bayard and Belgicast. Founded in 2001, the business designs and manufactures valves, hydrants, water meters and other products for residential and commercial customers with a product range containing more than 20,000 items.

People
Oliver Gosemann is CEO at Talis group and Arnon Klein is managing partner at Raphael.

Advisers
Equity – Clifford Chance, Oliver Felsenstein, Dr Leif U Schrander, Dr Robert John, Frank Schlobach, Anne Crayen, Marc Besen, Dr Achim Gronemeyer (Legal).

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• Topics
• DACH
• Industrials
• Expansion
• Germany
• Clifford Chance