Yokogawa Electric Corporation, the $5.4 billion Japanese major is betting big on the Indian market. A leading provider of industrial automation and test & measurement solutions to varied industries, Yokogawa is ramping up its footprint in the country. The company, having its presence in India through its fully-owned subsidiary – Yokogawa India Ltd – since 1987, has recently completed the acquisition of Pune-based Adept Fluidyne Pvt Ltd, one of the largest Indian manufacturers of magnetic flowmeters.
Yokogawa supports the operations of water and wastewater treatment companies, oil & gas conglomerates and customers in chemicals and petrochemicals, fertilisers, pharmaceuticals and life sciences, metals & mining, power, food & beverage and other sectors. Founded in Tokyo in 1915, it continues to work towards a sustainable society through its 17,000+ employees in a global network of 127 companies spanning 59 countries.
“We are committed to the Indian market, as we firmly believe in ‘Make in India’,” affirms Sajiv Nath, vice-president, Yokogawa Electric, Japan; regional chief executive, South Asia & managing director, Yokogawa India Ltd. “It is exciting to be a part of India’s sustainable transformation growth trajectory. Our acquisition of Adept marks a pivotal moment in the company’s history, as 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’.”
“We have formulated a clear-cut strategy for India,” Nath adds. “We are building up our capacities and capabilities in India. For the next few years, our roadmap will ensure a much faster growth strategy for us in the country”.
“Adept is glad to become a part of the Yokogawa family,” concurs Vinayak Gadre, managing director, Adept Fluidyne Pvt Ltd. “Established in 1983, it has made magnetic flowmeters for over 30 years and introduced ultrasonic flowmeters in 2010, supplying over 70,000 flowmeters to various industry sectors, including water and wastewater. Additionally, it offers IoT gateways, smart water meters and flowmeter calibration services. With an expanding sales network across India, it has secured significant public and private sector orders and exports to customers in over 25 countries”.
With the rapid expansion of India’s industrial sector under the government’s Make in India’ initiative, demand for flowmeters has continued to grow. This acquisition will provide Yokogawa with an Indian manufacturing base for its line-up of high-performance magnetic flowmeters and give the company access to Adept’s product line-up, enabling more timely delivery of a broad portfolio of flowmeter products for the burgeoning India market.
Flowmeters are essential industrial instruments 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.
Global quality standards
“Moving forward, Yokogawa is intending to enhance Adept’s manufacturing capabilities and certified flow calibration facilities in Pune to enable local production of its line-up 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,” says Nath. Armed with a bachelor’s degree in Industrial Electronics and a Master’s in Finance Management, he has acquired rich experience over three decades in the process automation industry and has held senior management positions across global industry ecosystems.
From being primarily a provider of process automation systems and products, Yokogawa India is today positioned as a comprehensive solutions provider of enterprise technology solutions (ETS). The company has a state-of-the-art global engineering centre, as also manufacturing centre, in Bengaluru and has a strong marketing and service network across India. Yokogawa India excels in turnkey project execution in process automation and enterprise integration, with core competencies in design and engineering of process control systems; implementation of extended enterprise applications; web enabling & enterprise application integration; manufacturing execution systems software development and project execution & management of process control systems.
Yokogawa India has been involved in major water projects in India. The company has provided its services and products to Kanpur Smart City; Satna Smart City in MP, Prayagraj Smart City; IWUMS, Karnal, Haryana; and PHE Kashmir, J&K. The company has supplied PLC/ RTU, SCADA Software, field instruments, analysers, valves, actuators and smart energy meters with five years of O&M.