Emerson buys Indian valve maker
The newly-acquired company will operate in Emerson Process Management’s final controls business, serving customers in the energy and process-related industries.
mergers and acquisitions
ST. LOUIS—Engineering and technology firm Emerson has agreed to purchase Virgo Valves and Controls, LTD., a manufacturer of ball valves and automation systems based in Pune, India.
A privately held company, Virgo serves the oil and gas, power and mining industries world wide. In addition to ball valves, it manufactures high performance butterfly valves and severe-service valves for critical applications.
Virgo will operate within Emerson Process Management’s final controls business, serving customers in the energy and process-related industries. The deal is expected to close in October 2013.
“Virgo’s leadership in the engineered, on-off valve market is a great strategic fit within our business and strongly complements our Fisher control valve business,” said Steve Sonnenberg, Emerson’s executive vice-president who heads its Emerson Process Management segment.
“The alliance with Emerson, and in particular the Fisher line of products, is a continuation of our growth as a global brand,” said Mahesh Desai, co-founder and chairman of Virgo.
Virgo manufactures and sells engineered on-off valve products in more than 60 countries and posted 2012 revenue of about $250 million, more than 80 percent outside India.