Flow Control Acquisition & Valuation

Elecon Engineering makes industrial gears and material handling equipment. Products include gearboxes and conveyors, supplied to steel, cement, power and mining customers. Plants are in Vallabh Vidyanagar, Gujarat, where it is headquartered.

Mesnac Co Ltd is a Chinese company mainly engaged in the development of industrial intelligence and provides integrated informationalized software and equipment for rubber companies. It also operates in the field of automation logistics, Internet of Things, chemical industrial equipment, and new rubber material. The company's product portfolio consists of mixing systems, curing and molding systems, PCR molds, TBR molds, OTR molds, tire building products, material conveying and dosing systems, and others. The company offers its products internationally.

Jupiter Wagons makes railway freight wagons, passenger coaches, brake systems, wheel sets, and related components. Customers are Indian Railways, private wagon owners and logistics firms. Headquartered in Kolkata.

Galilei Holdings is a Japanese holding company for a group of commercial refrigeration and food-environment businesses, listed on the Tokyo Stock Exchange. Until 1 July 2026 it traded under the name Galilei Co., Ltd., when it changed its name to Galilei Holdings. The group designs, manufactures, installs and services refrigerators, freezers, showcases, cold rooms and related equipment for supermarkets, restaurants, food processors and institutions, and operates through group companies such as Fukushima Galilei. Its stated purpose is to open the future of food and life, with food safety and security at its centre. The group sells equipment, installation and maintenance services to business customers in Japan and has been expanding abroad, including production of commercial refrigeration equipment in India.

Palfinger AG is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales and Service and Operations. The Sales and Service segment, which generates maximum revenue, comprises the sales and service units. The Operations segment comprises the production sites and the respective production share of the company. The company's geographical segments include Europe, Middle East, & Africa; North America; Latin America; CIS; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa generates the majority of its revenue.

Shanghai TOP Numerical Control Technology Co Ltd specializes in the research, design, production and sales of high-end intelligent manufacturing equipment, comprising five-axis computerised numerical control (CNC) machine tools, in China. It is focused on developing five-axis CNC machine tools to address the demand for advanced manufacturing in China's aviation and aerospace sector. The company's offerings include i) aviation and aerospace intelligent manufacturing equipment, ii) compact general industrial five-axis machine tools, iii) large-span carbon fiber composite five-axis machine tools as well as iv) provision of repair and maintenance services. The majority of the company's revenue is derived from the sales of aviation and aerospace intelligent manufacturing equipment.

KSB Ltd makes pumps and industrial valves and provides service and spares. Customers are water utilities, power, process and building services firms. It is the Indian arm of Germany's KSB SE. Headquartered in Pune.

Makes compressors, process gas compressors, heat exchangers, HVAC systems and industrial refrigeration equipment. Also offers turbines, transmissions and aftermarket service for oil and gas, power, steel and other industrial customers. Part of the Kirloskar group. Based in Pune.

Kennametal India makes tungsten carbide cutting tools and tooling systems for metalworking, mining and infrastructure. It is a subsidiary of US-based Kennametal and has plants near Bengaluru, where it is headquartered in India.

Manufacturer of turned parts, machined components and assemblies for energy, motion control, automation and industrial equipment customers. It exports to customers in many countries from its CNC machining plant. Based in Rajkot, Gujarat.

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. The company's geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Engineering group that makes process equipment, boilers, heavy fabrications, sugar and ethanol plants, and also offers engineering contracting and turnkey projects. It makes castings and heat exchangers as well. Customers are industrial, power and process companies. Based in Noida.

SKF India Ltd is an India-based company that manufactures and distributes bearing products and other related products. The company's products and services include bearings, hydraulic and mechanical tools for mounting and dismounting, alignment tools, seals, lubrication systems, and services such as technical support, maintenance, and condition monitoring. it operates in a single segment which is Bearings. The company's products and technologies are used by original equipment makers and aftermarket customers across the world. SKF India generates a majority of its revenue from the Indian domestic market.

Tega Industries makes polymer-based wear-resistant liners, screens and other consumables for mining and mineral processing. Customers are mining companies and equipment makers in India, Chile, Australia, Africa and elsewhere. Headquartered in Kolkata.