The TALIS Group, through its French subsidiary BAYARD SAS, has concluded a Joint Venture agreement with the Chinese company Kc-Val.

The 60/40 joint venture, named TALIS Flow Control (Shanghai) Co. Ltd, will take over the current industrial activity of Kc-Val, which focuses on the production of control valves. TALIS Flow Control will gradually grow by manufacturing different families of valves for the TALIS group.

For TALIS this industrial platform will become its first production facility outside Europe and Israel.

After the joint venture has received all its relevant registration documents and certificates it will start its operations in quarter four of the calendar year in 2016.

With 1300+ employees and headquartered in Germany, the international group has 21 entities and 12 production sites world wide. In 2015 the Group realised worldwide net sales of €234 million euros.

The Group is ultimately owned by Triton, a private equity investment firm investing in medium-sized businesses in northern Europe, Italy and Spain. The firm is currently invested in companies in Austria, Denmark, Finland, Germany, Italy, Norway, Spain, Sweden and Switzerland, with combined sales of around €11.5 billion euros and more than 53,000 employees.