Meson Valves India Limited, globally recognized as The Valve Specialists, has announced the signing of a term sheet agreement with Nirmon Marine Solutions LLP, a Goa-based maritime technical consultancy firm. Under the terms of the agreement, Meson Valves will acquire a 26% stake in Nirmon Marine Solutions, subject to customary closing conditions and regulatory approvals. This strategic partnership marks a significant milestone in Meson’s expansion plans for the marine sector.
The agreement comes at a pivotal time when India’s shipbuilding industry is experiencing unprecedented growth, having surged from USD 90M in 2022 to USD 1.12bn in 2024. With government initiatives supporting maritime infrastructure development and projections indicating a USD 8bn market value by 2033, this collaboration positions both companies to capitalize on the expanding opportunities in India’s maritime sector.’
The proposed partnership aims to combine Meson’s expertise in valve manufacturing and systems with Nirmon’s deep maritime industry knowledge, creating enhanced value for customers in the marine sector while strengthening both companies’ positions in the maritime industry.