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PENTAIR VALVES AND CONTROLS
Finnish firm Metso and US-listed Pentair emerge as frontrunners to acquire L&T's valves business
The sale of the unit is part of an exercise by L&T to exit non-core businesses and sell stakes in others to streamline operations.
'Indian valves industry likely to touch $5 billion by 2020'
The Indian manufacturers are today capable of producing high end engineered valves that require a lot of approvals and accreditation due to the critical nature of services, he said.
Pentair eyes expansion in India after Tyco International merger
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.
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