Thermax has acquired the entire stake in Thermax SPX Energy Technologies (TSPX) held by the joint venture partners namely Mutares Holding-24 AG, Germany and Balcukederr GmbH, Germany. Subsequent to the acquisition TSPX has now become a wholly owned subsidiary of the company.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
