CHENNAI: Global technology provider Emerson Process Management, part of the US-based Emerson Group, has completed the acquisition of Fisher Sanmar “for an undisclosed amount” to further strengthen its growth plan in India.
“Over the last three years, $700 million has been invested in various acquisitions numbering five to seven, including the Fisher Sanmar,’’ said Sabee Mitra, President, Emerson Process Management, Asia-Pacific, at a media gathering here on Friday.
He said, “The acquisition of the Fisher Sanmar joint venture includes the transfer of more than 275 employees and the ownership of manufacturing facilities at Karapakkam, Chennai.’’
B Venkataramani, General Manager, Emerson Process Management, Chennai, said, “Energy industries in the Middle East and Africa are expected to continue to invest in new production as well as downstream processing, and a lot of the engineering is now being done in India. Our Chennai plant is well positioned to supply Fisher control valves for these opportunities.’’
