Excel Controlinkage Pvt. Ltd.

Greaves Cotton Ltd., a diversified engineering company, has signed a binding term sheet to acquire 100% stake through multiple tranches in Excel Controlinkage Pvt. Ltd., which is into mechanical and electronic motion control systems. The latest acquisition will enable Greaves to build a complementary product portfolio with common customer segments, grow international footprint and export revenues, and aid in the growth of the fuel-agnostic powertrain portfolio. Excel has established itself as one of the leading players in manufacturing of mechanical and electronic motion control systems with integrated manufacturing capabilities in India. By harnessing common synergies, Greaves will be positioned to unlock new growth opportunities and emerge as a strong catalyst for a self-reliant, full stack, Made in India mobility ecosystem.