Thermax reinforces its water purification capabilities

Thermax reinforces

Thermax strengthens its water purification capabilities with the acquisition of TSA Process Equipment. It will offer a one-stop solution for the high-purity water requirements of its customers in sectors such as pharma, biopharma, personal care, and food & beverages.

Thermax Group, a prominent energy and environmental solutions provider, has entered into an agreement to purchase a 51 percent stake in TSA Process Equipments. This strategic move enhances Thermax’s portfolio, allowing the company to provide comprehensive solutions for high-purity water needs in industries like pharmaceuticals, biopharmaceuticals, personal care, and food & beverages.

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 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 customers’ trust 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.”

The acquisition is set to be finalised in the coming period, with Thermax acquiring the remaining stake in TSA Process Equipments over the next two years as per the definitive agreements. TSA Process Equipments Pvt. Ltd., with HQ in Mumbai, has over 500 installations across the globe, including manufacturing facilities in western India that cater to major pharma and personal care companies.

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