# DevCo to acquire Czech valve maker ARMATURY Group

DevCo Partners signed an agreement to acquire ARMATURY Group, a Czech industrial valve manufacturer with about 550 employees and revenue of about EUR 60m, to combine it with its Vexve valve business.

- Type: Acquisition
- Announced: 2019-08-21
- Where: Dolní Benešov, Czechia
- Jobs: 550
- Status: announced
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [ARMATURY Group](https://endata.com/companies/786.md) (target)
- [DevCo Partners](https://endata.com/companies/5420.md) (acquirer)
- [Vexve](https://endata.com/companies/5421.md) (partner)
- [IMAP Finland](https://endata.com/companies/5631.md) (partner)

## Sources

- [devco.fi](https://www.devco.fi/newsfeed/devco-has-signed-an-agreement-to-acquire-the-leading-czech-industrial-valve-manufacturer-armatury-group), 2019-08-21: "DevCo Partners Oy (“DevCo”) has signed an agreement to acquire ARMATURY Group a.s."
- [valve-world.net](https://valve-world.net/devco-signs-an-agreement-to-acquire-armatury-group/), 2019-09-01: "DevCo Partners Oy (DevCo) has signed an agreement to acquire ARMATURY Group a.s., the Czech industrial valve manufacturer from its founders."
- [imap.com](https://www.imap.com/en/news/2019/imap-finland-advises-devco-partners-on-purchase-of-the-leading-czech-industrial-valve-manufacturer-armatury-group~n), 2019-10-04: "Finnish investment company DevCo Partners acquired the largest Czech industrial valve manufacturer, ARMATURY 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.