Yokogawa Acquires Indian Flowmeter Manufacturer Adept Fluidyne
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Yokogawa India Limited, a subsidiary of Japan’s Yokogawa Electric Corporation, has announced the acquisition of Adept Fluidyne Pvt. Ltd., one of India’s largest manufacturers of magnetic flowmeters. This acquisition is a strategic move aimed at enhancing Yokogawa’s local production capabilities and expanding its market presence in India.
The acquisition was officially announced with prominent company officials in attendance. Sajiv Nath, Vice President of Yokogawa Electric-Japan and Regional Chief Executive for South Asia, as well as Managing Director of Yokogawa India Limited, and Vinayak Gadre, Managing Director of Adept Fluidyne Pvt Ltd, were present. Their presence underscored the importance of this acquisition for both companies and highlighted their commitment to future growth and collaboration.
Yokogawa’s Role in Various Industries
Yokogawa has a strong track record of supporting a wide range of industries, including water and wastewater treatment, oil & gas, chemicals and petrochemicals, fertilizers, pharmaceuticals, metals & mining, power, and food & beverage sectors. Since establishing its subsidiary in India in 1987, Yokogawa has been instrumental in delivering control systems and field instruments for energy plants, remote monitoring solutions for water supply and wastewater networks, and control systems for water treatment facilities.
Expanding Yokogawa’s Presence in India
The acquisition of Adept Fluidyne aligns with the Government of India’s ‘Make in India’ initiative, which aims to transform the country into a global manufacturing hub. By encouraging both multinational and domestic companies to manufacture their products within India, this initiative has significantly boosted the demand for industrial instruments like flowmeters. Flowmeters are crucial for measuring the flow rates, density, and temperature of liquids, gases, and steam, making them indispensable in various industrial processes.
Flowmeters play a vital role in ensuring the efficient operation of industrial processes. They come in various types, each suited for specific measurement purposes and fluid or gas conditions. The growth of India’s industrial sector, driven by the ‘Make in India’ initiative, has led to an increased demand for these instruments. Agile manufacturing practices, which enhance production efficiency and responsiveness, have further fueled this demand.
Enhancing Local Production Capabilities
Yokogawa’s acquisition of Adept Fluidyne is a strategic move to enhance local production capabilities. The company plans to upgrade Adept’s manufacturing facilities and certified flow calibration centres in Pune to produce Yokogawa’s lineup of magnetic flowmeters. This move will ensure that these products meet Yokogawa’s global quality standards while being manufactured locally.
Yokogawa intends to leverage the combined sales networks of both companies to provide a broader range of flowmeters to customers. By integrating Adept’s products into Yokogawa’s offerings, the company aims to cater to the growing demand for flowmeters in India and beyond.
Commitment to ‘Make in India’
Sajiv Nath expressed his excitement about the acquisition, stating, “We are committed to the Indian market as we firmly believe in ‘Make in India’. It is exciting to be a part of India’s sustainable transformation growth trajectory. Today marks a pivotal moment in our company’s history as we announce the acquisition of Adept. We embark on a journey of innovation and growth, combining the best Indian expertise with Japanese quality and excellent ingenuity, all under the spirit of ‘Make in India’.”
Adept Fluidyne’s Legacy and Future Plans
Vinayak Gadre, Managing Director of Adept Fluidyne, shared his thoughts on the acquisition, “Adept is glad to become a part of the Yokogawa family. Established in 1983, Adept has manufactured magnetic flowmeters for over 30 years and introduced ultrasonic flowmeters in 2010. We have supplied over 70,000 flowmeters to various industry sectors, including water and wastewater. Additionally, Adept offers IoT gateways, smart water meters, and flowmeter calibration services. With an expanding sales network across India, Adept has secured significant public and private sector orders and exports to customers in over 25 countries.”
The Journey Ahead
The acquisition of Adept Fluidyne by Yokogawa marks the beginning of a new chapter for both companies. By combining Yokogawa’s technological expertise and global reach with Adept’s local manufacturing capabilities and market presence, the two companies are well-positioned to address the growing demand for flowmeters and related technologies in India and internationally.
Yokogawa’s focus on innovation and quality will drive the development of new products and solutions that meet the evolving needs of various industries. The company’s commitment to maintaining high standards of quality and reliability will ensure that customers receive the best possible products and services.
Strengthening R&D and Engineering Capabilities
Yokogawa’s established R&D center and systems engineering teams in India will play a crucial role in supporting the development and production of new flowmeter technologies. These teams will work closely with Adept’s manufacturing facilities to ensure seamless integration and continuous improvement of products.
The acquisition will enable Yokogawa to better address the challenges faced by industries such as water and wastewater treatment, oil & gas, and chemicals. By providing advanced flowmeter technologies and comprehensive solutions, Yokogawa aims to enhance the efficiency, reliability, and sustainability of industrial operations.
Expanding Global Reach
With Adept’s products already being exported to over 25 countries, the acquisition provides Yokogawa with an opportunity to further expand its global reach. By leveraging Adept’s established market presence and sales network, Yokogawa can increase its footprint in key international markets.
The acquisition aligns with Yokogawa’s commitment to supporting sustainable growth and development. By enhancing local production capabilities and providing innovative solutions, the company aims to contribute to the economic and industrial growth of India while promoting environmental sustainability.
Conclusion
The acquisition of Adept Fluidyne by Yokogawa is a strategic move that will strengthen both companies’ positions in the Indian and global markets. By combining their strengths and capabilities, Yokogawa and Adept are well-equipped to meet the growing demand for flowmeters and related technologies. This acquisition marks an important milestone in Yokogawa’s journey of innovation, growth, and commitment to the ‘Make in India’ initiative.