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Thermax buys Rifox, German firm arm

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BS Reporter Pune

Industrial energy solutions provider Thermax said it has acquired the steam division of Virgo Valves & Controls Ltd, India and its German subsidiary company Rifox-Hans Richter GmbH, a leading steam traps and allied steam accessories manufacturer. The acquisition was completed on March 21 for Rs 13.39 crore (euro 2 million).

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First Published: Mar 23 2012 | 12:15 AM IST

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