RHI Magnesita India merges Intermetal with Ashwath Technologies
Acquiring Company
RHI Magnesita India Limited
Acquired Company
Ashwath Technologies Private Limited
IndiaIndiaManufacturingInformation TechnologySoftwareData CenterIt ManagementDescription
RHI Magnesita India Limited has confirmed the merger of Intermetal Engineers and Ashwath Technologies following regulatory approval. This merger aims to streamline operations and improve corporate efficiency by eliminating an intermediate holding layer. As a result, Ashwath Technologies is now a direct wholly owned subsidiary of RHI Magnesita India Limited.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Ashwath Technologies Private Limited?
Ashwath Technologies Private Limited was acquired by RHI Magnesita India Limited, based in India. The deal was reported on August 18, 2026. RHI Magnesita India Limited is a leading supplier of industrial minerals and solutions for the production of steel and other industries. RHI Magnesita India Limited is privately held and operates in Manufacturing.
When did RHI Magnesita India Limited acquire Ashwath Technologies Private Limited?
RHI Magnesita India Limited's acquisition of Ashwath Technologies Private Limited was reported on August 18, 2026. RHI Magnesita India Limited has confirmed the merger of Intermetal Engineers and Ashwath Technologies following regulatory approval. This merger aims to streamline operations and improve corporate efficiency by eliminating an intermediate holding layer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ashwath Technologies Private Limited do?
Ashwath Technologies Private Limited was established to consolidate operations in the manufacture and sale of machinery for the steel sector. It served as a wholly owned subsidiary of Intermetal Engineers before the merger with RHI Magnesita India. It is privately held, operating in Information Technology, and is based in India.