Meson Valves India Limited, globally renowned as “The Valve Specialists,” has announced a major partnership with Goa-based Nirmon Marine Solutions LLP. The term sheet agreement involves Meson acquiring a 26% stake in Nirmon, subject to regulatory approvals.
This collaboration positions both companies to tap into India’s rapidly growing maritime sector, which has seen remarkable growth from $90 million in 2022 to $1.12 billion in 2024. The market is projected to reach $8 billion by 2033, fueled by government initiatives in maritime infrastructure.
Strengthening Marine Capabilities
The partnership will leverage Meson’s expertise in valve manufacturing and Nirmon’s deep knowledge of marine engineering and naval architecture. Together, they aim to deliver tailored, innovative solutions for marine applications.
“This investment represents a milestone in our growth,” said Mr. Brijesh Manerikar, Chairman & Managing Director of Meson Valves. “By combining our strengths, we can provide comprehensive solutions and expand our footprint in the maritime industry.”
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Echoing this sentiment, Mr. Niranjan Nigalye, CEO of Nirmon Marine Solutions, remarked, “This partnership amplifies our ability to deliver cutting-edge solutions while maintaining our commitment to technical excellence.”
A Vision for Innovation and Growth
This strategic alliance underscores the companies’ commitment to innovation and customer-centric solutions in India’s maritime sector. Together, they aim to navigate the booming industry and strengthen their leadership in the space.
