Thermax Acquires Entire Stake In Thermax SPX Energy
2019-04-12 Merger and Acquisitions Engineering International
Thermax Limited has acquired the entire stake in Thermax SPX Energy Technologies Limited (TSPX) held by the joint venture partners namely Mutares Holding 24 AG, Germany and Balcke-Duerr GmbH, Germany. Subsequent to the acquisition TSPX has now become a wholly owned subsidiary of Thermax Limited.
Thermax SPX Energy Technologies Limited (TSPX) a joint venture between Thermax Limited (51%), Mutares Holding 24-AG Germany (23%) and Balcke-Duerr GmbH Germany (26%).