Greaves Cotton has acquired the remaining 20% shareholding in Excel Controlinkage through the secondary route, taking its aggregate shareholding in the company to 100%. With the completion of this acquisition, 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.
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.
Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.
