Talis Group completes divestment program

Frankfurt (Germany) January 2024 – Triton Fund III-C advised by Triton Partners (“Triton”), has finalised its exit from Talis Group (“Talis” or “the Group”), a European market leader in water control equipment. This marks the conclusion of a divestment program of all the individual subsidiaries within the Group.

Talis was established in 2010 as a global provider of premium valves, hydrants and other solutions for water flow control. It was comprised of nine separate brands with productions sites in Germany, France, Spain, the UK, Poland, Benelux and Israel, as well as over 20 sales offices and warehouses in Europe. 

In 2022, Triton began the first divestments of the group with the sales of Talis’s operations in the UK to AVK Group followed by the sales of its German companies Strate to the Düker Group and Frischhut to Tiroler Rohre. Talis also sold its Indian business to STS Valves India.

In 2023 an agreement was finalized to sell Erhard Group of companies to Austrian strategic Hawle Group. The disposal was followed by the divestments of Bayard SAS in France, Beligcast in Spain and the two entities’ subsidiaries also to AVK Group. Finally, an agreement to sell the last remaining subsidiary, Raphael in Israel, to Israeli Aquestia was signed in December 2023 and is awaiting merger clearance.

Michael Gahleitner, Partner and Co-Head of Industrial Tech at Triton, said: “We are glad to have been able to see our journey with Talis through to a successful conclusion, and ensure each business in the Group has found a good home for the future. Each part of Talis has been given the means to drive further value creation in their new settings and we wish them all the best for the next steps in their journeys.”