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MARTIN GmbH buys all shares held by its partner company Papers in the Indian joint venture (CNIM MARTIN Pvt. Ltd.) to reinforce its presence in a high-growth market with more than two billion people.

Munich / Chennai – MARTIN has successfully completed full acquisition of its Indian subsidiary: following the signing of the purchase agreements and the finalisation of the takeover, the former joint venture CNIM Martin Private Limited (CMPL) has officially been operating under the new name MARTIN Technologies Private Limited (MTPL) since 14 August 2026.

Founded in 2017 and based in Chennai, MTPL currently employs approximately 45 staff. As a specialist for waste-to-energy and environmental technologies, the team headed by managing director Denis Bauer has established a firm foothold in the Indian and Southeast Asian markets. Having won four major projects, the company is serving as a central technology hub for the region.

"Full acquisition of MARTIN Technologies Pvt. Ltd. is for us a crucial strategic cornerstone in a high-growth region with more than two billion people", explains Ulrich Martin, managing director of MARTIN GmbH. "It is one of our key goals to achieve a clean world without landfills. Particularly in highly populated markets such as India, the combination of proven European environmental technology and profound regional engineering expertise is the key to sustainable waste management. The acquisition secures not only our long-term presence in the market, but also deepens the integration into the global MARTIN Group."

Our customers and business partners can continue to rely on seamless business operations and the trusted collaboration that defines our partnership.

About MARTIN Technologies Private Limited (MTPL)

MARTIN Technologies Private Limited (MTPL) supplies advanced technologies for waste-to-energy plants in India and Southeast Asia. As a 100 % subsidiary of MARTIN GmbH, MTPL combines European engineering expertise with local capabilities across the entire region.