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Construction : Deals | October 2012 | Source : Construction Update

Pentair merges with Tyco, eyes expansion in India

Pentair Inc, one of the leading global water equipment manufacturers in Minneapolis, has merged with Tyco International, a global specialist in valves, controls and thermal management, to tap one-fourths of the $2.8-billion water and fluid processing market in India.

The merged entity will focus on better technology and marketing of water filtering equipment, pumping and pipeline products and waste-water treatment for both domestic and industrial sectors. The entity will also double the size of Pentair to $8 billion, increasing its share in all its potential markets, including India.

The market for water and fluid processing in India is poised to grow annually by 25 per cent in the domestic arena and 10 per cent in the industrial space due to rapid urbanisation and the felt need to be water-efficient.
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