Thermax acquires entire stake of JV partners in TSPX
   Date :13-Apr-2019

ENGINEERING firm Thermax Ltd on Friday said it has acquired the entire stake of its joint venture partners in Thermax 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, Germany and BALCKE-DUERR GmbH, Germany,” a BSE filing said. Thermax SPX Energy Technologies Ltd (TSPX) was a JV between Thermax Ltd (51%), MUTARES HOLDING 24-AG, Germany (23%) and BALCKE-DUERR GmbH, Germany (26%).