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.