Thermax Expands into High-Purity Water Market with TSA Deal

 Thermax has entered into a significant agreement with TSA Process Equipments, outlining the acquisition of a 100 percent stake in the company through multiple tranches. This strategic move aims to bolster Thermax’s portfolio by catering to the burgeoning demand for high-purity water across industries such as pharmaceuticals, biopharmaceuticals, and food & beverages.

Initially, Thermax has acquired a controlling 51 percent stake in TSA Process Equipments for Rs 71.14 crore. Over the subsequent two years, subject to the fulfillment of certain conditions, Thermax plans to acquire the remaining 49 percent stake.

This acquisition marks a pivotal step for Thermax as it seeks to enhance its water division's capabilities, offering comprehensive solutions encompassing purified water, ultra-pure water, and water for injectables across various sectors. TSA Process Equipments brings invaluable expertise to the table, perfectly complementing Thermax’s proficiency as an energy and environment solutions provider. Together, they aim to address a broader spectrum of customer requirements effectively.

News by Rahul Yelligetti