HomeBusinessThermax acquires all stakes of JV partners in Thermax SPX Energy Technologies

Thermax acquires all stakes of JV partners in Thermax SPX Energy Technologies

Reader's Pick

An India-based engineering company Thermax has announced that the company has acquired the complete stake of its joint venture partners in Thermax SPX Energy Technologies.

In a filing at BSE, the company said that “It has acquired the complete stake of its joint ventures partners, which includes MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany.”

Thermax SPX Energy Technologies Ltd (TSPX) is a joint venture between Thermax Ltd, MAUTARES HOLDING 24-AG and BALCKE-DUERR GmbH, Germany where Thermax Ltd hold (51%), MUTARES HOLDING 24-AG and BALCKE-DUERR GmbH, Germany each own 23 percent and 26 percent respectively.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Logistics 4.0: Creating a value chain through smart interconnected technologies

Businesses are keeping up with the changing digital environment to stay competi...

Budget 2022-23: Technology, SaaS, AI & ML Sector Reactions

Technology market reaction on Budget 2022-23: As Finance Minister Nirmala Sitha...

Key Challenges that lie ahead for the Cyber security industry

The global pandemic triggered a need for digitization. While this has many adva...