Emerson (NYSE: EMR), St. Louis, MO, has agreed to acquire 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 oil and gas, power and mining. The company has manufacturing locations in Europe, the U.S. and India, and had 2012 sales of $250 million. In addition to ball valves, Virgo also manufactures high-performance butterfly valves and severe-service valves for critical applications. Steve Sonnenberg, executive vice president heading Emerson's process management segment, said Virgo’s experience in the engineered on-off valve market strongly complements Emerson’s Fisher control valve business.
Virgo will operate within Emerson Process Management’s final controls business, serving customers in the energy and process-related industries.The deal is expected to close early next month.
