Thermax Group, an power and surroundings options supplier, has signed an settlement to acquire a 51% stake in TSA Process Equipments to provide a one-stop resolution for high-purity water necessities of its prospects in sectors akin to pharma, biopharma, private care, and meals & drinks.
Thermax has signed definitive agreements for acquisition to be accomplished in due course and can totally acquire the stability stake of the corporate over the subsequent two years, the corporate mentioned in an announcement.
Ashish Bhandari, MD & CEO, Thermax, mentioned, “Our investment in TSA will augment our water division’s capabilities to provide customers with end-to-end solutions for highly purified water, ultra-pure water, and water for injectables in several fast-growing industries. TSA’s expertise in the segment will complement Thermax’s own know-how and help us meet an even wider range of requirements.”
Apurva Shah, Managing Director, TSA Process Equipments, mentioned, “Combining our capabilities will enable us to create meaningful, widespread impact and accelerate the ongoing march towards sustainability.”
