Fairfax-backed Maxop Engineering has bought a majority stake in Pune-based Faith Automation Systems and Tooling, a design and engineering firm that automates production lines for vehicle manufacturers. The enterprise value is estimated at Rs 400-500 crore.

Yokogawa Electric signed an agreement to acquire Adept Fluidyne Pvt. Ltd., a leading Indian electromagnetic flowmeter manufacturer based in Pune, Maharashtra. The deal is expected to close by the end of March 2024 and gives Yokogawa a local manufacturing base in India.

Metso acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited by acquiring all shares of RMEBS Controls Pvt. Ltd. in India to strengthen its valve network.

Metso has completed its acquisition of the valve automation division of India-based Rotex Manufacturers and Engineers, by buying all shares of RMEBS Controls Private Limited. The deal adds actuators, limit switches and process valves to Metso's valve portfolio.