Thermax strengthens its water purification capabilities with acquisition of TSA Process Equipments

Thermax Group has acquired a 51% stake in TSA Process Equipments, a strategic move to provide a one-stop solution for high-purity water requirements in sectors like pharma, biopharma, personal care, and food & beverages.

Thermax has signed definitive agreements for acquisition to be completed in due course and will fully acquire the balance stake of the company over the next two years.

Speaking on the partnership, Ashish Bhandari, MD & CEO, Thermax, said, “Thermax is committed to strengthening its portfolio to deliver a broader set of differentiated solutions for its customers. 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. 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, Managing Director of TSA Process Equipments, said, “Thermax’s goals are aligned with our own. Both companies have earned the trust of customers and built their expertise and reach over many years. Combining our capabilities will enable us to create meaningful, widespread impact and accelerate the ongoing march towards sustainability.”

www.thermaxglobal.com

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