Emerson acquired full ownership of its Fisher Sanmar Limited joint venture from Sanmar Engineering Corporation with the aim of expanding the capabilities of Emerson Process Management in India. According to Emerson Process Management, the acquisition expands its offering of control valves, industrial regulators and other process technologies and services through the Fisher brand. The purchase price was $135 million for the business and additional land.

The company is expected to be renamed Emerson Process Chennai Pvt Ltd. Over the next 10 years India is expected to add more than 100GW of new thermal generating capacity, and Emerson plans to assign dedicated power-industry specialists to serve this market. Other industries are also expected to receive more focus as a result of this acquisition, more locally made products and more sales coverage, enabling Emerson to reduce product lead times and improve delivery for Indian customers.