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Mergers & Acquisitions | 23 March 2012

Thermax Acquires Germany Based Rifox Hans Richter

by Irfan Khan
 
@irfan

Pune based @Thermax Ltd has acquired the steam division of Virgo Valves and Controls Ltd and its German Subsidiary Company Rifox Hans Richter GmbH for R12.39Cr.

Virgo Valves and Controls Ltd was incorporated as a 100% EOU in 2004 as a wholly owned subsidiary of @Virgo_Engineers Ltd. Virgo Engineers Ltd was incorporated as Virgo Engineers Private Limited in June 1987 and was changed to a public limited company in February 1995. Till 1989, the company was in the business of trading in control flow products.

B Braun To Acquire 26% In Ahlcon Parenterals

B Braun Singapore Pte Ltd is acquiring 26% in New Delhi based Ahlcon Parenterals (India) Ltd through an open offer.

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IDG,Vertex Venture Invest In Yatra

Gurgaon based Yatra Online Pvt Ltd has secured R140 Cr in its fifth round of funding from new investors IDG Ventures and Vertex Venture Management along with the participation of existing investors Norwest Venture Partners, Intel Capital, TV18 Group and Reliance Venture Asset Management.

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