KKR & Co. is planning to buy stake in industrial valves unit of L&T Valves
India: American multinational
private equity firm, KKR & Co. is planning to buy a large stake in Larsen
& Toubro's industrial valves unit. If deal closed, this deal would be one
of the largest deal bet by the KKR in the manufacturing and industrial sector
this year. The L&T valve is more than 5 decades old company and manufacture
valves for various industrial sectors such as oil & gas, power and
chemicals, among others.
TechSci Research depicts that the buying of
state in L&T valve would expands valve business in India, thereby creating
a demand for industrial valve from various end-user segment. Over the last five years, Asia Pacific
including Indian industrial valves market has been witnessing growth,
predominantly on account of increasing demand for industrial valves in the
major developing countries. Owing to booming industrialization, countries like
China, India and Brazil are investing heavily on power and municipal
infrastructure to meet the growing demand for energy and water.
According to released report of TechSci Research “Global Industrial Valves Market By Type, By Application, By Region,
Competition Forecast and Opportunities, 2011 – 2021”,
global industrial valves market is projected to cross USD78 billion by 2021.
Industrial valves market has been segmented into six categories - globe,
butterfly, ball, gate, plug and others. Among these categories, globe valves
dominated the global industrial valves market in 2015 and the segment is
anticipated to maintain its dominance over the next five years due to its unique
features and multiple applications in various sectors.