St. Louis, Miss. (Manufacturing.net) — Emerson (NYSE: EMR) has announced today its intent to purchase Virgo Valves and Controls, LTD, a manufacturer of ball valves and automation systems headquartered in Pune, India. Virgo will operate within Emerson Process Management’s final controls business. Terms of the transaction were not announced.
Virgo is a privately-held company that services the oil and gas industry, along with power and mining. It manufactures ball valves, high-performance butterfly vales and severe-service valves for critical applications. Since starting operations in 1986, the company has expanded its manufacturing locatiosn to Europe and the U.S., with sales in more than 60 countries, 80 percent of which was outside India.
Steve Sonnenberg, Emerson’s executive vice president who heads its Emerson Process Management segment, said in a statement: "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. Their ‘customer first’ focus on meeting or exceeding customer expectations in innovation, quality, performance and on-time delivery aligns perfectly with the solutions that customers have come to expect from Emerson. We are excited about the synergy between our two companies and the opportunities for global business growth."
Mahesh Desai, co-founder and chairman of Virgo, citing the advantages of Virgo being part of Emerson, said: "The alliance with Emerson, and in particular the Fisher line of products, is a continuation of our growth as a global brand. We appreciate the support of customers, employees and other stakeholders that have been part of our company."
