# LK Hydraulics takes over Picardie Valves Industries in Ham after Altifort bankruptcy

Swiss group LK Hydraulics took over 80% of Picardie Valves Industries in Ham, France, from bankrupt Altifort, keeping all 106 permanent and 12 fixed-term contracts. The change of ownership took effect on December 13, 2019.

- Type: Acquisition
- Announced: 2019-12-13
- Where: Ham, France
- Status: completed
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [LK Hydraulics](https://endata.com/companies/5914.md) (acquirer)
- [Altifort](https://endata.com/companies/5915.md) (partner)
- [Picardie Valves Industries](https://endata.com/companies/5916.md) (target)

## Sources

- [sapag-valves.com](https://sapag-valves.com/en/2019/12/18/new-start-for-pvi/), 2019-12-18: "The commercial court of Paris has entrusted the Swiss group LK Hydraulics to manage the future of the company."

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