Metso to Acquire the Valve Automation Division of India Based Rotex Manufacturers and Engineers

11.04.2018

Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers. 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 March 31, 2018, were approx. INR 1,550 million (EUR 19 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 portfolio 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," says 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," says Amit Shah, Managing Director, RMEPL.

Closing of the acquisition is estimated to occur in July 2018 subject to satisfaction of customary closing conditions. The parties have agreed to not disclose the value of the transaction.

About Rotex Manufacturers and Engineers

Rotex Manufacturers and Engineers is part of the privately-owned Rotex Group. It produces actuators, limit switches, valve automation components and valves. Its customers include major original equipment manufacturers (OEMs) of valves, engineering, procurement and construction (EPC) companies, and mainly India-based major end customers in the oil and gas and power industries. Rotex Group will continue to retain full ownership in other businesses, including solenoid valves, positioners, electro-hydraulic controls for actuators, and its German subsidiary, Magwen valves.

More articles on this topic

UK-India water MoU offers “great boost” to trade

13.10.2020 -

British Water chief executive Lila Thompson says a new Memorandum of Understanding (MoU) agreed between India and the UK’s leading water sector trade association will “bring a great boost” to trading relationships between the two countries. Thompson’s comments came at the India-UK Water Partnership Forum, a virtual event which took place on 22 September 2020.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Events

    « November 2020 » loading...
    M T W T F S S
    26
    27
    28
    29
    30
    31
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    1
    2
    3
    4
    5
    6
  • JOB MARKET