Thermax has acquired the steam division of Virgo Valves and Controls, India and its German subsidiary company-Rifox-Hans Richter Gmbh, a leading steam traps and allied steam accessories manufacture, for a value of Rs 13.39 crore. The acquisition will bring to Thermax fold the manufacturing facilities of Rifox-Virgo in Germany and in India.
Rifox, headquartered in Bremen, Germany has a tradition of over 60 years in manufacturing steam efficiency products for a wide range of Industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250kg/cm2 and temperature up to 35 degree Celsius. Rifox, which is a respected brand in specialty products for compressed air, pressurized gas and pressurized liquid, has strong presence in Germany and European markets.
Thermax offers engineering solutions to various industries. It offers wide range of products and services in heating, cooling, waste heat recovery, captive power, water treatment, recycling and waste management.
| Company Name | CMP |
|---|---|
| BHEL | 326.65 |
| Thermax | 4211.50 |
| Kirloskar Oil Eng | 1653.00 |
| Skipper | 428.35 |
| GMM Pfaudler | 912.40 |
| View more.. | |
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