At the beginning of October, the AVK Group acquired 100 percent of the shares in the Bayard and Belgicast groups. The two valve manufacturers are active in Spain, France, Italy, Portugal and China.

Bayard and Belgicast will continue to exist as independent companies. They will support the AVK Group with their portfolio of products for the water industry. Among other things, the two companies produce hydrants, gate valves, butterfly valves, pressure control valves and other accessories, mainly for the water industry.

AVK Group wants to expand its product range

Morten Sæderup Nielsen, Group Director for AVK Water, and new chairman of the companies, commented as follows: “We are excited to welcome the Bayard and Belgicast companies into the AVK family of companies. This is an exciting acquisition with huge potential.“

 

Morten continues: “The new companies will significantly strengthen our position in several markets and business segments, and will add comprehensive knowledge within our AVK Water sectors and in desalination technology. With a very broad product offering, optimised production facilities and a strong team of motivated people, we look forward to working together to further support our customers and markets with quality products and solutions, securing safety in the infrastructure networks. I know that all companies will benefit from being part of the global AVK organisation, where they will be able to access further support in the key strategic areas of growth, leadership and lean.“

Takeover of two traditional companies

Belgicast has been active in Spain since 1957 as a valve manufacturer specialising in the water cycle. Belgicast manufactures its own valves, such as resilient seated gate valves, centric butterfly valves, check valves and water network accessories. With an annual turnover of around €55 million, the company employs almost 160 people in Spain and its subsidiaries in Portugal and Italy.

As a French industrial company since 1881, Bayard offers a wide range of products and services for the planning, construction, operation and maintenance of water networks to all those involved in the water sector. Its main products are hydrants, gate valves, control and regulating valves, check valves and accessories for water networks. The company employs 220 people and recently achieved a turnover of €90 million.