GF has signed an agreement to acquire the VAG-Group, a Germany-based global manufacturer and supplier of water utility valve solutions. The transaction allows GF to leverage its market position in the infrastructure sector, especially in Europe and the Middle East.
The transaction is expected to be in the range of CHF 200 million and subject to customary closing conditions. It’s anticipated to be final by the end of 2025.
The VAG-Group is a global full-service provider of high-quality water utility valves for potable water, wastewater infrastructure, dam/hydro, industrial and power end markets. The company employs approximately 1,000 people with operations in the Americas, Europe, India, the Middle East, China and Asia.
Courtesy of GF.