# AURELIUS takes over valve maker VAG from Rexnord

AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.

- Type: Acquisition
- Announced: 2018-10-10
- Where: Mannheim, Germany
- Value: $25.0M
- Jobs: 1,200
- Status: announced
- Products: industrial water valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Aurelius Equity Opportunities](https://endata.com/companies/1328.md) (acquirer)
- [VAG](https://endata.com/companies/4011.md) (target)
- [Rexnord](https://endata.com/companies/4012.md) (partner)

## Sources

- [noerr.com](https://www.noerr.com/en/press/noerr-advises-aurelius-on-the-takeover-of-leading-valve-manufacturer-vag), 2018-10-10: "AURELIUS has advised listed investment company AURELIUS Equity Opportunities SE & Co. KGaA on the takeover of water valve manufacturer VAG, based in Mannheim, Germany."
- [biztimes.com](https://biztimes.com/rexnord-to-receive-up-to-45-million-in-sale-of-vag/), 2018-10-12: "Rexnord Corp. Milwaukee-based Rexnord Corp. has reached a deal to sell its VAG business for $25 million in cash to Aurelius Equity Opportunities SE & Co. KGaA of Germany."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.