Yokogawa Electric Corporation has finalized an agreement to acquire Adept Fluidyne Pvt. Ltd. (Adept), 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. The 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.
Adept has been manufacturing magnetic flowmeters for over 30 years, and introduced ultrasonic flowmeters to its lineup in 2010. The company has supplied over 70,000 flowmeters to the water, wastewater, and other industry sectors, and also provides IoT gateways, smart water meters, and flowmeter calibration services. In recent years, the company has expanded its sales network across India, and has won major public and private sector orders across the country. It also exports to customers in more than 25 countries.
As per the press release, Yokogawa is intending to enhance Adept’s manufacturing capabilities and certified flow calibration facilities in Pune to enable local production of its lineup of magnetic flowmeters in line with its global quality standards. Yokogawa will also continue to provide Adept’s range of flowmeters through the sales networks of both companies.
Vinayak Gadre, Managing Director, Adept said, “It’s a pivotal moment in our company’s history as we announce our acquisition by Yokogawa, a leading Japanese multinational. Together, we embark on a journey of innovation and growth, combining the best of Indian expertise with Japanese ingenuity.” Hiroshi Tanoguchi, Yokogawa Electric Vice President and head of the Yokogawa Products Headquarters, commented, “India is one of our most strategically important markets, and we look forward to sharing our manufacturing know-how with the Adept team in order to provide made-in- India Yokogawa flowmeters as soon as possible. With Adept becoming part of the Yokogawa Group, we will provide a full range of general use and specialized flowmeters to the water, energy, chemical, and many other sectors”.
