Adage Automation Secures Growth Capital from InCred Alternatives to Expand Gas Analytics Business
Adage Automation has raised ₹230 crore in growth capital in a round led by the InCred Alternative Investments. The investment will help the company pursue its expansion strategy, enhance its manufacturing capability and boost its growth rate in both domestic and international markets.
Established in 2001, Adage Automation’s focus is on gas analytical systems, emission monitoring solutions and process analytics technologies, which are applied to various sectors including oil & gas, petrochemicals, power, fertilizers and chemicals. It has operations in more than 50 countries and is growing its international presence and has facilities and joint ventures in the Middle East.