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.
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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.
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“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.