M&A

M&A

Greaves Cotton to acquire cables maker Excel Controlinkage for Rs.385-Cr

Press Release   Business Line  

Mumbai-headquartered Greaves Cotton is to acquire Nagpur-based Excel Controlinkage Pvt Ltd for INR 385 crore. The acquisition will be completed in 4 phases. Initially, Greaves Cotton will buy 60% shareholding in Excel. The balance will be acquired through multiple tranches planned till FY26. This acquisition will enable Greaves to build a complementary product portfolio with common customer segments, commence its international footprint and export revenues, and aid in the growth of the fuel-agnostic powertrain portfolio. Excel Controlinkage offers controls and cables for commercial vehicles, industrial machines, construction equipment, boats and special purpose vehicles.