Jasmino Corporation Expands Global Reach with Acquisition of German Leaders in Corrosion Protection
Jasmino Corporation Pvt. Ltd. has acquired HAW Lining and GBT Buecolit, two prominent German companies specializing in industrial corrosion protection. With this strategic move, Jasmino fortifies its position as a global leader in anti-corrosion solutions, enhancing its capabilities and expanding its reach across Europe and beyond.
- Country:
- India
In a strategic expansion move, Jasmino Corporation Pvt. Ltd., a key player in chemical process equipment engineering, has acquired two major German companies, HAW Lining and GBT Buecolit. This acquisition boosts Jasmino's standing as the world's third-largest provider of industrial anti-corrosion solutions.
Founded in 1920, HAW Lining is a pioneer in rubber linings, significantly contributing to industrial corrosion protection. Meanwhile, GBT Buecolit is known across Europe for its heavy-duty corrosion protection and engineering solutions, including plastic linings and coatings. Both acquisitions enhance Jasmino's global presence and technological capabilities.
CEO Adheesh Ramani hailed the acquisitions as a key milestone in Jasmino's expansion strategy, emphasizing their synergy with Jasmino's existing operations in Asia, the Middle East, and Europe. This move further consolidates Jasmino's ability to offer comprehensive solutions from design to commissioning, strengthening its market presence globally.
(With inputs from agencies.)
ALSO READ
Tech use in healthcare rising; students from both sectors (engineering and health) must take interdisciplinary approach: President.
Tensions Rise in Telangana Over 'Pharma Village' Land Acquisition
Gensol Engineering Surges with 29% Profit Spike
Thermax Expands Footprint with Buildtech Acquisition
Axis Bank Under SEBI Scrutiny Over Max Life Stake Acquisition