Metso to acquire valve automation division of India-based Rotex
Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers Pvt. Ltd (RMEPL). The company has a market-leading position in India in the actuator business and an advanced offering of switches, process valves, and valve automation products and solutions.
The acquired division’s sales in the last fiscal year ending 31 March 2018 were approx. INR1550 million (EUR19 million) and it employs approximately 275 people. It has two manufacturing facilities in the Mumbai area and sales offices in Mumbai, Vadodara, Kolkata and Pune.
The acquisition will complement Metso’s actuation and valve automation offering and enable a full range of actuators for all major valve markets and a broader offering of limit switches for mid-market applications. It also introduces new products to Metso’s process-valve range for the oil and gas, pulp and paper, mining, water treatment and other process industries.
“This acquisition represents an important strategic step for Metso’s valves business. It expands our offering for the current customer segments, especially outside North America, and increases our presence in attractive new industries and application areas,” said John Quinlivan, president, valves business area, Metso. “In addition, the acquisition strengthens our capacities and our presence in the important Indian market.”
“We are confident that RMEPL’s capabilities and technological solutions will align perfectly with Metso’s offering and global valve network. This acquisition will benefit our customers and employees who have been the most important asset of the Rotex Group,” said Amit Shah, MD, RMEPL.
ABB has announced a portfolio of digital solutions aimed at comprehensive mine optimisation.
Acquisition creates the broadest portfolio of valves and critical isolation technologies serving...
A remotely piloted passenger ferry has been tested for the first time near Helsinki harbour.