GMP Technical Solutions to Be Acquired by Shinryo Corp

Nitin Konde

Jul 18, 2024 — 2 min read

Shinryo Corp to Acquire GMP Technical Solutions

The Mumbai-based clean room partition maker GMP Technical Solutions is valued at INR 185 crores, and Japanese giant Shinryo Corporation has announced that it will purchase an 85% ownership in the company. Vascon Engineers Ltd., an engineering and realty company located in Pune, would sell its stake to Shinryo.

The company's management now holds and will retain the remaining 15% of GMP Technical Solutions, as stated in the press announcing the purchase.

After acquiring a portion of GMP in 2010, Vascon stated that it will be able to better focus on its real estate business after selling off a "non-core" asset. A number of approvals, including those from regulators, are necessary for Shinryo to acquire a stake in GMP.

According to the press release, GMP Technical Solutions is the number two maker of clean room equipment in India. They have supplied a variety of industries, including pharmaceuticals, biotechnology, lithium-ion batteries, and more. GMP also supplies new industries with clean room dividers, such as the semiconductor assembly and manufacturing sectors.

As a result of GMP Technical Solutions' dominance in the Indian market for clean room partitions, Shinryo will be able to expand its operations in the country. This is due to the increasing demand for clean room partitions in industries like electronics, semiconductor manufacturing, and battery production.

About GMP

With the establishment of its facility in Baddi, Himachal Pradesh, in 2005, GMP became the pioneering firm in India to begin the production of clean room walls. Given that it has expanded into a number of states, GMP has successfully finished 1300 projects over the course of the past 15 years, including 140 projects overseas in more than 47 countries. In addition, GMP has developed expertise in the HVAC Solutions business.

About Shinryo

As a result of the collaboration between Shinryo Corporation's Group Companies—which handle the primary tasks related to HVAC, plumbing, drainage, electrical systems, lighting, and other systems like EPCC for district cooling, co-generation, and power plant systems—the company has been able to offer its customers comprehensive solutions for all of their HVAC, plumbing, electrical, and lighting needs.

Shinryo Corporation has activated the Central Research Centre (Tsukuba City) and the entire group to focus on developing important parts of the business so that it can expand into new growth sectors. As part of these efforts, the company will be taking the following steps: improving inventory control and supply chain management; investing in growth areas; developing and expanding into new international markets; using 3D computer-aided drawing (CAD) software to increase productivity, etc.