Emerson Process buys Ameya Transmissions

The acquisition will help Emerson to strengthen presence in oil, gas, power industries

May 18, 2015 11:36 pm | Updated 11:36 pm IST - MUMBAI:

Emerson Process Management India, a part of American multi-national Emerson, has announced the acquisition of the Pune-based manufacturer of gear operators and gearboxes Ameya Transmissions for an unspecified amount.

This acquisition would support Emerson’s final control technology used primarily in the oil and gas and power industries both domestically and globally, the company said.

Ameya Transmissionsdevelops and manufactures a wide range of gear operators, including quarter-turn and multi-turn manual gearboxes, which are supplied to the manual valve industry.

Gear operators and gearboxes are a critical component of automated valve packages to serve as a fail-safe in the event of a power failure. Ameya has supplied over a million gear boxes so far.

“Ameya’s reputation as a quality manufacturer is a great strategic fit for Emerson and strongly complements our actuator business,” said Amit Paithankar, Managing Director, Emerson Process Management India.

Apart from catering to the Indian market, Ameya also has been exporting its products to many countries including the U.K., the U.S., Germany, Spain, Italy, Austria, Turkey, China and Middle East. The company has two manufacturing units.

“This deal makes great sense for both companies,” said Rohan Pai, co-founder of Ameya Transmissions. “Our businesses complement each other and we have the opportunity to grow even further because of Emerson’s global reach and commitment to excellence,” he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.