Emerson Group in American will purchase Virgo Valves and Controls with a value of $450 million, signaling the continued interest by overseas strategic investors in Indian companies. 

 

Virgo's leading position in the valve manufacturing market match the Emerson's strategy to develop its Fisher control valve business.  

 

The deal is an alternative for Virgo's two founders Mahesh Desai and Balasubramanian. The new purchase can add Emerson's control valve business applying in engineering verticals.

 

The Vigro Valve has been tried to list on the Indian stock exchange, but it failed without getting a considerable value. Desai and Balasubramanian, founder of the company, set up the company step by step, which now has four factories in India, the US, Italy and Germany. And the total of the company staffs are about 900.

 

 

The cooperation with Emerson can prove the Virgo is a world famous brand. 80% of the company's $250 million are depended on products exported to overseas. 

 

The new deal is adding the Emerson's highly developed business to moveg torward more globally. While investors never stop the development strategy to look for more market opportunities in European, Asian and US.