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Inoxpa has acquired a 60% stake in two Shanghai commercial companies, YRP Flow Technology and Process Partners, for about EUR 3 million as part of its China expansion.
Spanish pump and valve maker Inoxpa has invested EUR 13.5 million to expand its factory in Pune, India, which employs 340 workers and makes 70% of its catalogue.
Spain's Inoxpa Group officially opened its new Inoxpa India plant on a 32,000 square metre site in Khandala Taluka, south of Pune. The facility adds manufacturing, warehousing and office space.
Interpump Group, via subsidiary Inoxpa SAU, acquired a 60% equity interest in Process Partners China Co Ltd and raised its stake in YRP (Shanghai) Flow Technology to 60%.
Italy's Interpump Group bought Inoxpa Group, a Spanish maker of process equipment and flow handling systems for the food, cosmetics and pharmaceutical industries, in Q1 2017.
Interpump Group acquired 100 percent of Inoxpa Group, a Spanish maker of process equipment and flow-handling systems for food, cosmetics and pharmaceuticals, for EUR 90 million. Inoxpa had fiscal 2016 sales of nearly EUR 60 million.
