Thermax Takes 51% Stake in ExactSpace Technologies

#Thermax #ExactSpace #IndustrialAI #MAndA #DigitalTransformation #AgenticAI #ProcessOptimization #AssetPerformance #SustainableIndustry #SmartManufacturing

Source: Thermax

July 2026 : To reshape digital solutions across process industries, Thermax has increased its stake in ExactSpace Technologies Pvt. Ltd. to 51%, officially making ExactSpace a subsidiary of Thermax.

The acquisition deepens an already fruitful relationship between the two companies. ExactSpace's cutting-edge AI platform already serves as the core engine powering Thermax's digital asset performance management solution suite. By transitioning from strategic partners to majority ownership, both entities are doubling down on their shared ambition to make smart, data-driven factory operations the global standard.

Through this enhanced integration, the companies aim to scale industrial AI across continuous process sectors. They plan to deliver next-generation capabilities, including advanced process optimization, autonomous agentic AI, and robust data ops - tools designed to help heavy industries operate with significantly higher efficiency, uptime, and environmental sustainability.

With a footprint already touching over 200 industrial clients across more than 20 countries, the combined forces of Thermax and ExactSpace are well-positioned to lead the global shift toward cleaner, smarter, and autonomous manufacturing.