Joint Venture Agreement signed between TALIS and Kc-Val (China)

DGAP-Media / 14.07.2016 / 09:58

Joint Venture Agreement signed between TALIS and Kc-Val (China)

Heidenheim, July 13, 2016 +++ The TALIS Group, through its French
subsidiary BAYARD SAS, has concluded a Joint Venture agreement with the
Chinese company Kc-Val.
The 60%/40% Joint Venture named TALIS Flow Control (Shanghai) Co. Ltd will
take over the current industrial activity of Kc-Val which focusses on the
production of control valves.

TALIS Flow Control will gradually grow by manufacturing different families
of valves for the TALIS group. For TALIS this industrial platform will
become its first production facility outside Europe/Israel.

After the Joint Venture will have received all its relevant registration
documents and certificates it will start its operations in quarter 4 of the
calendar year 2016.

This new Joint Venture is an important milestone for the TALIS group in
order to strengthen its sourcing, manufacturing and selling capabilities
and become more global.


About TALIS

TALIS protects water and thereby improves the living conditions of millions
of people worldwide. TALIS strives to make the world a better place by
being the best water flow control solutions company worldwide. TALIS does
this by being a leading global provider of premium water valves, hydrants
and solutions/services for water flow control. TALIS is known to its
customers around the world through its own leading brands such as BAYARD,
BELGICAST, ERHARD and RAPHAEL.

The success of the international group headquartered in Germany with 21
entities and 12 production sites all over the world is based on the
motivation, knowledge and capabilities of its 1300+ employees. In 2015 the
Group realized worldwide net sales of 234 mEUR.


About Kc-Val

Kc-Val, established in 2011, is positioned to develop and manufacture high
quality, high performance water control valves. Welcoming China National
industrial 4.0 strategy, Kc-Val focuses on developing innovative products,
which drive the infrastructure optimization and upgrading. Product control
precision tolerance for the domestic market lies within the range of +/-
10%, with international players it reaches +/-5%, while Kc-Val achieves a
precision tolerance range of +/- 3%. 15 application patents have been
developed and are certified with the Shanghai High-Tech Enterprise
Authority. Kc-Val currently employs 35 employees, 11 of which are in R&D
and Quality functions.


Contact:
TALIS Management Holding GmbH
Jan de Moor
Meeboldstr. 22
D- 89522 Heidenheim
Tel [phone]
[e-mail]
www.talis-group.com


End of Media Release

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Issuer: Triton Beratungsgesellschaft GmbH
Key word(s): Enterprise

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