LegaLogic advised HRS Process Systems Ltd and its Shareholders with Exchanger Industries Limited (Canada)

LegaLogic advised HRS Process Systems Ltd and its Shareholders in strategic transaction with Exchanger Industries Limited (Canada)

LegaLogic Consulting advised HRS Process Systems Ltd (“HRS India”) and its Shareholders on the India leg of the transaction relating to acquisition of HRS Heat Exchangers (UK based) (“HRS”) by Exchanger Industries Limited (Canada based) (“EIL”).

HRS acquisition will provide numerous benefits to EIL customers including a broader capability to provide heat transfer solutions to environmentally sustainable projects in the biogas and wastewater treatment sectors, in addition to EIL’s existing projects in clean power generation, Liquified Natural Gas (LNG), emissions-free power storage and biofuels applications.

https://www.businesswire.com/news/home/20210727005097/en/Exchanger-Industries-Limited-Acquires-HRS-Heat-Exchangers

Founded in Alberta Canada in 1961, Exchanger Industries Limited has more than sixty years of experience in the engineering, design, fabrication, and servicing of heat transfer solutions for the most demanding, mission critical applications. Serving customers across Canada and in 25 countries around the world

Founded in 1981, the HRS Group operates at the forefront of thermal technology, offering innovative and effective heat transfer products worldwide with a strong focus on managing energy efficiently.

LegaLogic (www.LegaLogic.co.in) was the legal counsel for HRS India and its Shareholders and advised on deal documentation and assistance on closure.

Khushnum Motafram and Sanyukta Mundada worked on this deal with Vikas Agarwal and Vivek Sadhale