- Published on Wednesday, 25 September 2013 12:36
Emerson has signed an agreement 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 diverse markets worldwide, including the oil and gas, power and mining industries. In addition to ball valves, Virgo also 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.
Since starting operations in 1986, Virgo has focused on the manufacture and sales of engineered on-off valve products, and today has manufacturing locations in Europe, the United States and India. Its sales in more than 60 countries last year were about $250 million, more than 80% outside India. The deal is expected to close early next month.