Thermax to acquire TSA Process Equipments for $18m.

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.