Thermax Group, an energy and environment solutions provider, has signed an agreement to acquire 51% stake in TSA Process Equipments to offer high-purity water requirements in sectors like pharma, biopharma, personal care, and food and beverages.
Thermax has signed agreements for full acquisition of the company to be completed over the next two years, the company said in a statement.
Ashish Bhandari, CEO, Thermax, said, “Our investment in TSA will augment our water division’s capabilities to provide customers with end-to-end solutions for highly purified water and water for injectables in several fast-growing industries. TSA’s expertise in the segment will complement Thermax’s own know-how and help us meet an even wider range of requirements.”
Apurva Shah, MD, TSA Process Equipments said, “Combining our capabilities will enable us to create meaningful, widespread impact and accelerate the ongoing march towards sustainability.”
