Thermax has acquired the Steam Division of Virgo Valves & Controls Ltd, India and its German subsidiary company Rifox – Hans Richter GmbH. The acquisition was completed on March 21 for a value of Rs. 13.39. Headquartered at Bremen in Germany, Rifox has experience over 60 years in manufacturing steam efficiency products for a wide range of industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250 kg/cm2 and temperature up to 530º C. Rifox is also a known brand in specialty products for compressed air, pressurised gas and pressurised liquid systems.