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Yokogawa to Acquire Indian Flowmeter Manufacturer Adept Fluidyne

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Yokogawa, Fluidyne

Yokogawa Electric Corporation announces that it has finalized an agreement to acquire Adept Fluidyne Pvt. Ltd., one of the largest domestic manufacturers of magnetic flowmeters in India. The purchase process is expected to be completed by the end of March 2024. This acquisition will provide Yokogawa with an Indian manufacturing base for its lineup of high-performance magnetic flowmeters and give the company access to Adept’s product lineup, enabling more timely delivery of a broad portfolio of flowmeter products for the burgeoning India market.

Flowmeters are an essential industrial instrument that can measure the flow rates and, with some products, the density and temperature of liquids, gases, and steam. Various measurement technologies are available depending on the purpose of measurement, the type and condition of the fluid or gas, and the measurement conditions. With the rapid expansion of India’s industrial sector under the Government of India’s “Make in India” initiative, demand for flowmeters continues to grow.

Read more at Yokogawa News