Greaves Cotton to acquire Excel Controlinkage for Rs 385 crore

Greaves Cotton signed an agreement to acquire 100% of motion-control systems maker Excel Controlinkage for Rs 385 crore in four tranches, with the first 60% tranche to close in FY26.

“The acquisition is highly profitable and margin accretive at a consolidated level and complements the company's vision to build new competencies and accelerate the growth of clean-tech and last-mile mobility.”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comGreaves Cotton to acquire motion-control systems player Excel Controlinkage - Times of IndiaPTIFeb 9, 2023
• auto.economictimes.indiatimes.comGreaves Cotton to acquire 100% equity stake in motion-control systems player, Excel Controlinkage, ETAutoET AutoFeb 9, 2023

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