Metso to acquire valve automation division of Rotex Manufacturers and Engineers

Metso has signed an agreement to acquire the valve automation division of India-based Rotex Manufacturers and Engineers. The division has two manufacturing facilities near Mumbai, about 275 employees, and sales of approx. INR 1,550 million; closing is expected in July 2018 and the price is undisclosed.

“Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers Pvt. Ltd (RMEPL).”valmet.com

• 2 sources
• valmet.comMetso to acquire the valve automation division of India based Rotex Manufacturers and Engineers Pvt. Ltd to expand its global valves businessApr 4, 2018
• oilandgas360.comMetso to acquire the valve automation division of India based Rotex Manufacturers and Engineers Pvt. Ltd to expand its global valves business - Oil & Gas 360Apr 4, 2018

Summarized from public sources; check the original articles before acting on it.