Thermax has signed an agreement to acquire a 100% stake (approximately Rs 72 crore, subject to various transaction adjustments) in Buildtech Products India, a company manufacturing admixtures, accelerators and capsules used in tunnels, infrastructure and railway projects. 

The acquisition would provide Thermax entry into niche infrastructure projects including tunnelling, hydro power projects, etc. by enhancing the current product portfolio of construction chemicals. Thermax actively contributes to the growth of the Indian construction chemicals sector with its expertise in the field of chemicals offering an extensive range of products for infrastructure, industrial, and commercial usage. The acquisition of Buildtech will be completed in due course.

Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.