US-based engineering company Emerson has acquired Ameya Transmissions, a Pune- based premier manufacturer of gear operators and gearboxes, the acquirer said in a release Monday.
The company did not disclose the deal consideration. Ameya Transmissions develops and manufactures range of gear operators, which are supplied to the manual valve industry.
This acquisition complements Emerson Process Management's Final Control technologies used primarily in the oil and gas and power industries both domestically and globally, the company said.
"Ameya's reputation as a quality manufacturer is a great strategic fit for Emerson and strongly complements our actuator business," said Amit Paithankar, managing director of Emerson Process Management India.
"This acquisition strengthens our portfolio with the addition of a strong gearbox product platform that enhances our current solutions capabilities for customers in India and around the world," he added. Ameya sells products in India and exports it as well.