Deal Details

Sale to Rexnord Corporation

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Summary

About

VAG Holding GmbH (“VAG” or the “Company”), which was majority owned by Halder, recently completed its sale to Rexnord Corporation for approximately €175 million.

VAG is a global leader in the design and manufacture of valves and engineered solutions across a broad range of applications, including water distribution, wastewater treatment, dams and hydropower generation as well as various other industrial applications. The Company employs approximately 1,200 associates world-wide. Headquartered in Mannheim, Germany, VAG currently operates three other principal manufacturing operations in Hodonin, Czech Republic, Secunderabad, India and Taicang, China as well as sales offices in eighteen countries to service its global customer base.

Halder, based in Frankfurt, Germany is part of GIMV, a listed European private equity and venture capital group. GIMV focuses on buyouts, growth capital, venture capital and infrastructure investments.

Rexnord, based in Milwaukee, Wisconsin (USA), is comprised of two strategic platforms, Process & Motion Control and Water Management. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Rexnord has approximately 6,300 employees worldwide.

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