# Taylormade Renewable to acquire majority stake in Reciclar Technologies and Memtrix Technologies

Taylormade Renewable is acquiring a majority stake in Reciclar Technologies and its startup venture Memtrix Technologies LLP, both based in Ahmedabad, India. Reciclar specializes in wastewater treatment plants and Memtrix manufactures hollow fiber membranes.

- Type: Acquisition
- Announced: 2024-02-22
- Where: Ahmedabad, India, India
- Status: announced
- Products: sewage treatment plants, effluent treatment plants, wastewater treatment plants, water recycling systems, hollow fiber membranes
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Taylormade Renewable](https://endata.com/companies/75796.md) (acquirer)
- [Reciclar Technologies](https://endata.com/companies/75797.md) (target)
- [Memtrix Technologies LLP](https://endata.com/companies/75798.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/taylormade-renewable-to-acquire-majority-stake-in-reciclar-technologies-memtrix-technologies-llp-124022200736_1.html), 2024-02-22: "After the acquisition of controlling stake in both the companies, TRL looks to have a sizable business in domestic market and it will help TRL improve its bottom line as it is a margin accretive acquisition."

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