Finland's Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers (RMEPL).
Finland's Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers (RMEPL).
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.
The deal is expected to close in July 2018. No value was given.
"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. "
The deal also introduces new products to Metso's process-valve portfolio for the oil and gas, water treatment and other process industries.
Amit Shah, Managing Director, RMEPL added: "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."
Source: Pipeline ME
