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Thermax acquires entire stake of JV partners in TSPX

Press Trust of India  |  New Delhi 

Engineering firm Ltd Friday said it has acquired the entire stake of its joint venture partners in SPX Energy Technologies on Thursday.

"On April 11, 2019 the company has acquired the entire stake held by the joint venture partners namely MUTARES HOLDING-24 AG, and BALCKE-DUERR GmbH, Germany," a BSE filing said.

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

Earlier, Thermax had informed the BSE that it would acquire the stake held by its joint venture partners in TSPX. Subsequent to the acquisition, TSPX has now become a wholly owned subsidiary of

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

First Published: Fri, April 12 2019. 15:10 IST