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Thermax to acquire Babcock & Wilcox's 49% stake in TBWES joint venture · Endata

◂ Announcements

May 21, 2018ACQUISITIONPune, India

Thermax to acquire Babcock & Wilcox's 49% stake in TBWES joint venture

Thermax Ltd approved a preliminary understanding to acquire Babcock & Wilcox's 49% stake in their joint venture Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES), gaining access to TBWES's manufacturing facility in Pune and B&W technologies.

Status

Announced

Capacity

3,000 MW per year (expandable to 5,000 MW)

Productssupercritical and subcritical boilers

CompaniesThermax acquirer Thermax Babcock & Wilcox Energy Solutions target Babcock & Wilcox target

Sectors#Power Generation Equipment

“The Board of directors of Thermax Ltd has approved to enter into a preliminary understanding with B&W to acquire the shareholding of the latter in the JV – TBWES.”eqmagpro.com

1 source
eqmagpro.comThermax to acquire 100% stake in Babcock & Wilcox JV – The Leading Solar Magazine In IndiaAnand GuptaMay 21, 2018

Summarized from public sources; check the original articles before acting on it.

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