Emerson Exchange 365

Emerson has signed an agreement to purchase Virgo Valves and Controls, LTD, a leading manufacturer of ball valves and automation systems based in Pune, India. The purchase strengthens Emerson Process Management’s presence in the oil & gas industry.

A privately held company, Virgo serves diverse markets in more than 60 countries worldwide with a focus on the oil and gas industry. 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 Control business, serving customers in the energy and process-related industries.

“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,” said Steve Sonnenberg, Emerson’s executive vice president who heads its Emerson Process Management segment. “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.”

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 last year were about $250 million. The deal is expected to close early next month.