Aliaxis agrees to sell Rheinhütte Pumpen to ITT for €80.5M

Aliaxis signed an agreement to divest pump maker Rheinhütte Pumpen to ITT Inc. for a cash consideration of about €80.5 million. The deal is expected to close in the second quarter of 2019, subject to regulatory approvals.

“The cash consideration is approximately €80.5 million.”aliaxis.com

• 2 sources
• aliaxis.comAliaxis to divest Rheinhütte Pumpen: agreement signed with ITT | AliaxisFeb 22, 2019
• fluidhandlingmag.comITT signs $91.5 million deal to acquire German pump manufacturer | Fluid Handling MagazineFeb 26, 2019

Summarized from public sources; check the original articles before acting on it.