Godrej Process Equipment, a business unit of Godrej & Boyce Mfg. Co. Ltd., has acquired the Yuba and Ecolaire brands and design technologies from SPX Heat Transfer, a subsidiary of SPX Corporation, USA, a global supplier of highly engineered products and technologies. With this strategic acquisition, Godrej has now the capability to provide end-to-end solutions in the heat exchanger auxiliaries space in the power sector.
In the past, Godrej had a license to manufacture Yuba design feedwater heaters. Feedwater heaters manufactured by Godrej have been supplied to NPCIL, Tata Power, GSECL, NTPC, Toshiba, among others. With this acquisition, Godrej now owns the brands and the technology and will be manufacturing in India.
Ecolaire® Brand is a globally recognised name in heat transfer equipment and related technology for the power generation industry. Since 1922, the Ecolaire name has been associated with producing condensers for a wide range of power generation applications.
This acquisition positions Godrej Process Equipment as a significant player in the Power sector; an independent, global player providing critical equipment to thermal, geothermal, solar and nuclear power plants.Addition of key people from the SPX Heat Transfer design team will also significantly enhance Godrej’s design capabilities in this space.
Emphasising on the importance of this acquisition, Jamshyd Godrej, Chairman and Managing Director, Godrej & Boyce stated, “The acquisition of well-known brands and technology from SPX Corporation for our process equipment business showcases our commitment to deepen the products that we offer to the power generation sector. We are constantly developing and rationalising strategic partnerships across our businesses. Through this acquisition, we plan to establish Godrej & Boyce as a prominent player providing top-notch services and cutting-edge technological products in the power generationsector.”