Takasago Thermal Engineering partners Integrated Cleanroom Technologies, advised by 7i Capital Advisors
Takasago Thermal Engineering Co. Ltd., Japan, partners India’s Leading cleanroom engineering company, Integrated Cleanroom Technologies Pvt. Ltd.
Takasago Thermal Engineering Co. Ltd. (“TTE”), a leading Japanese engineering company with a focus on HVAC systems has acquired significant minority shareholding in leading Indian cleanroom engineering company Integrated Cleanroom Technologies Pvt. Ltd. (“Iclean”).
TTE provides comprehensive system-engineering services, with a focus on HVAC systems, leveraging the most advanced technologies in every stage from planning to design, installation/construction, and maintenance for all types of buildings, plants, and other facilities.
“Iclean has become the leading cleanroom engineering company In India by building on its core strengths of innovation, quality and client support. By partnering with TTE, Iclean can meet its short term and long term growth objectives through strong technology backing, market access and financial support. TTE, with its interest and belief in the Indian market, is the right partner for Iclean to develop on its existing customer and product base and assist Iclean in its future growth prospects.”, said Mr. K. Gopi, Managing Director, Integrated Cleanroom Technologies Pvt. Ltd.
“With this investment, TTE gets a strong access to the growing Indian cleanroom market. Iclean with its strong customer base, pan-India presence, well-qualified professional team and knowledge driven culture, provides the right platform to TTE to establish and expand its operations in India.” Said Mr. Tapas Sarkar, Executive Director and Partner, 7i Capital Advisors.
About Takasago Thermal Engineering Co., Ltd.
TTE, a company listed on the Tokyo Stock Exchange was founded in 1923. TTE has a workforce of about 1,880 and generated sales of ¥243.6 billion. TTE has offices across the globe. TTE is mainly engaged in the equipment work business, as well as the manufacture and sale of facilities equipment. The Company operates in two segments. The Equipment Work segment is engaged in the design, construction, maintenance, inspection, operation and management of air conditioning facilities, as well as the design and construction of air conditionings and plumbing. The Facilities& Equipment Manufacturing and Sales segment is involved in the design, manufacture and sale of air conditioning equipment. As of March 31, 2014, the Company had 17 subsidiaries and two associated companies.
About Integrated Cleanroom Technologies Pvt. Ltd.
Established in 2002, Iclean has become the leading Indian cleanroom engineering company. Integrated Cleanroom Technologies Private Limited, aims to provide integrated services including Design Engineering, Manufacturing, Installation and Commissioning in establishing niche Production facilities and Laboratories meeting the stringent international standards and cGMP validation. Iclean along with its six subsidiaries has achieved sales turnover of Rs. 325 crores during 2014-15 and targeting to cross the milestone of Rs. 400 crores during the current FY 15-16. Iclean has its presence throughout India and also in Middle East, Europe and USA etc. Iclean group has capabilities to execute turnkey projects in Pharma, Biotech, Healthcare, Microelectronics and Semi-conductor segments.