Announced
Financials
Sources
Tags
machinery manufacturing
India
Machinery: Specialty
Acquisition
Domestic
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
Thermax, an Indian multinational engineering conglomerate, agreed to acquire TSA Process Equipments, a machinery manufacturing company, for $18m. "Our investment in TSA will augment our water division's capabilities to provide customers with end-to-end solutions for highly purified water, ultra-pure water, and water for injectables in several fast-growing industries," Ashish Bhandari, Thermax CEO and Managing Director.
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