# 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.

- Type: Acquisition
- Announced: 2023-04-08
- Where: Mumbai, India
- Status: announced
- Products: motor controllers, electronic sensors, electric powertrain, power electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Greaves Cotton](https://endata.com/companies/53271.md) (acquirer)
- [Excel Controlinkage](https://endata.com/companies/68462.md) (target)

## Sources

- [thehindu.com](https://www.thehindu.com/business/greaves-cotton-ltd-enters-agreement-to-acquire-excel-controlinkage/article66713897.ece), 2023-04-08: "The deal “will unlock powerful synergies between the two companies, streamlining product offerings and enhancing customer convenience.”"
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/greaves-cotton-enters-into-definitive-agreements-for-acquisition-of-excel-controlinkage/articleshow/99344357.cms), 2023-04-08: "The acquisition "will unlock powerful synergies between the two companies, streamlining product offerings and enhancing customer convenience.""

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.