Greaves Cotton Completes Acquisition of Excel Controlinkage, Takes Ownership to 100%

Greaves Cotton Limited, one of India's leading diversified engineering companies, today announced that it has acquired the remaining 20% shareholding in Excel Controlinkage Private Limited ("Excel Controlinkage") through the secondary route, taking its aggregate shareholding in the company to 100%. With the completion of this acquisition, effective August 13, 2026, Excel Controlinkage has become a wholly owned subsidiary of Greaves Cotton.

The acquisition marks the completion of the multi-tranche acquisition process initiated in 2023, when Greaves Cotton entered into a definitive agreement to acquire Excel Controlinkage. The transaction is in accordance with the definitive agreement dated April 6, 2023.

Commenting on the acquisition, Parag Satpute, Group CEO & Managing Director, Greaves Cotton Limited, said, "Greaves has built a distinguished legacy of moving India forward through reliable, sustainable and purpose-led engineering. The completion of the acquisition of Excel Controlinkage marks an important step in a margin-accretive acquisition that complements our diversification strategy. We are focused on building and scaling businesses with differentiated engineering capabilities and opportunities to participate in India's evolving mobility and industrial ecosystem."

Excel Controlinkage, incorporated in 1994, is a player in mechanical and electronic motion control systems, with capabilities across push-pull cables, mechanical levers and linkages, and electronic throttle levers. Its products serve customers across Commercial Vehicles, Construction Equipment, Agriculture, Material Handling, Marine and Special Purpose Vehicles, as well as the Aftermarket. The company also operates an integrated manufacturing facility for heavy-duty push-pull cables, including inner and outer conduits and end fittings.

The acquisition of Excel Controlinkage is aligned with Greaves Cotton's broader strategy of building a diversified portfolio. This will further strengthen its presence in commercial vehicles and contribute to the development of a broader mobility ecosystem.

With Excel Controlinkage, now a wholly owned subsidiary, Greaves Cotton will continue to focus on leveraging its capabilities, product portfolio, and customer relationships to support its growth across Energy, Mobility, and Industrial Solutions under Greaves.Next.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 195.05 as compared to the previous close of Rs. 194.65. The total number of shares traded during the day was 62518 in over 1420 trades.

The stock hit an intraday high of Rs. 196.30 and intraday low of 193.60. The net turnover during the day was Rs. 12184993.00.

Source : Equity Bulls

Keywords

GreavesCotton INE224A01026 Acquisition ExcelControlinkage