M&A
Ravicab Cables acquires German cable maker Leoni's India unit
Bengaluru-based Ravicab Cables Pvt Ltd has acquired 100% stake in Pune-based Elegar Kepen, formerly known as Leoni Cable Solutions India Pvt Ltd (LCSI). LCSI offers specialised wires and cables in oil and gas, refineries, specialty chemicals, Indian Railways, and renewable energy segments. LCSI, an Indian subsidiary of Leoni AG, Germany, is a 100-year-old brand in the cable Industry. Post divestiture by Leoni AG Group in 2022, LCSI repositioned itself as Elegar Kerpen Kabel India.
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