Emerson acquiring Virgo Valves for over $400M
Diversified American engineering firm Emerson, which manufactures industrial controls, power supplies and home-storage equipment, has signed a deal to acquire Virgo Valves and Controls Ltd, a manufacturer of ball valves and automation systems. Virgo Valves is the flagship arm of Pune-based Virgo Engineers which in turn is backed by private equity firm Tano Capital.
Virgo Valves serves diverse markets worldwide, including the oil and gas as well as power and mining industries. In addition to ball valves, it manufactures butterfly valves and severe-service valves for critical applications. Post completion of the transaction, it will operate within Emerson Process Management’s final...
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