# 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.

- Type: Acquisition
- Announced: 2019-02-22
- Where: Germany
- Value: $91.0M (80.5M EUR)
- Status: announced
- Products: pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Aliaxis](https://endata.com/companies/2060.md) (partner)
- [ITT Inc.](https://endata.com/companies/4662.md) (acquirer)
- [Rheinhütte Pumpen](https://endata.com/companies/4663.md) (target)
- [Aliaxas Group](https://endata.com/companies/4677.md) (partner)

## Sources

- [aliaxis.com](https://aliaxis.com/aliaxis-to-divest-rheinhutte-pumpen-agreement-signed-with-itt/), 2019-02-22: "The cash consideration is approximately €80.5 million."
- [fluidhandlingmag.com](https://fluidhandlingmag.com/news/itt-signs-91-5-million-deal-to-acquire-german-pump-manufacturer/), 2019-02-26: "ITT announced that it has signed an agreement valued at approximately $91.5 million (€80.53 million) to acquire German centrifugal and axial pump manufacturer Rheinhütte Pumpen Group"

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