# 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.

- Type: Acquisition
- Announced: 2018-05-21
- Where: Pune, India
- Status: announced
- Capacity: 3,000 MW per year (expandable to 5,000 MW)
- Products: supercritical and subcritical boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Thermax](https://endata.com/companies/1348.md) (acquirer)
- [Thermax Babcock & Wilcox Energy Solutions](https://endata.com/companies/13735.md) (target)
- [Babcock & Wilcox](https://endata.com/companies/16052.md) (target)

## Sources

- [eqmagpro.com](https://www.eqmagpro.com/thermax-to-acquire-100-stake-in-babcock-wilcox-jv/), 2018-05-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.