10th June 2022
The Walker Morris Corporate Team has advised Germany-based TALIS Group on the sale of TALIS-UK Limited to AVK Group, based in Denmark.
TALIS Group is a European leader in the design, manufacture and supply of equipment used across the water supply chain (production, transmission, distribution and sewage), as well as irrigation, desalination and fire suppression.
The product portfolio of TALIS-UK consists of products such as meter boxes and gunmetal and plastic fittings which generally sit outside of TALIS Group’s core focus.
TALIS Group is prioritising its focus on its innovative portfolio of valve and hydrant products and services.
“We are delighted to find an excellent home for our UK operation in AVK Group and whilst divesting from the house connection business in the UK, the “valve” business remains in scope for TALIS Group and the UK market will be served by TALIS’s leading brands such as Erhard, Belgicast and Bayard directly.” Says Mark Hodgens CEO of TALIS Group.
Earlier this month the Walker Morris Corporate Team was shortlisted for the ‘Legal Team of the Year’ and the ‘Rising Star of the Year’ awards in TheBusinessDesk annual Rainmaker Awards. The Team was also named as legal adviser in the nominations for the Private Equity Deal of the Year, Private Markets Deal of the Year, M&A Deal of the Year and Small Cap Deal of the Year.