Greaves Cotton to acquire 60% stake in Excel ControLinkage

Greaves Cotton Ltd. entered a definitive agreement to acquire 60% of Excel ControLinkage Private Ltd. in the first tranche, with plans to acquire 100% through multiple tranches. The deal aims to combine motor controller and electronic sensor competencies for electric powertrain and power electronics segments.

“The deal “will unlock powerful synergies between the two companies, streamlining product offerings and enhancing customer convenience.””thehindu.com

• 2 sources
• thehindu.comGreaves Cotton Ltd., enters agreement to acquire Excel Controlinkage - The HinduLalatendu MishraApr 8, 2023
• timesofindia.indiatimes.comGreaves Cotton enters into definitive agreements for acquisition of Excel ControLinkage - Times of IndiaNandini Sen GuptaApr 8, 2023

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