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Thermax acquires stake of JV partners in Thermax SPX Energy Technologies

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announced that on 11 April 2019, the company has acquired the entire stake held by the joint venture partners namely MUTARES HOLDING-24 AG, and BALCKE-DUERR GmbH, in SPX Energy Technologies (TSPX).

Subsequent to the acquisition TSPX has now become a wholly owned subsidiary of

Previously, TSPX was a joint venture between Thermax (51%), 24-AG (23%) and BALCKE-DUERR GmbH Germany (26%).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 14:25 IST
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