Greaves Cotton completes Excel Controlinkage acquisition

Greaves Cotton, a diversified engineering company, has acquired the remaining 20% stake in Excel Controlinkage through the secondary route, taking its aggregate shareholding to 100%. The acquisition, effective August 13, 2026, makes Excel Controlinkage a wholly-owned subsidiary. This completes the multi-tranche acquisition process initiated in April 2023 when Greaves Cotton entered into a definitive agreement. Excel Controlinkage, incorporated in 1994, specializes in mechanical and electronic motion control systems, including push-pull cables, mechanical levers, linkages, and electronic throttle levers, serving commercial vehicles, construction equipment, agriculture, material handling, marine, and special-purpose vehicles, as well as the aftermarket. The acquisition aligns with Greaves Cotton's strategy to diversify beyond its traditional engine business and strengthen its presence in mobility and industrial engineering. Group CEO Parag Satpute highlighted the margin-accretive nature of the acquisition and its complement to the company's diversification strategy. Greaves Cotton will leverage Excel Controlinkage's capabilities, product portfolio, and customer relationships across its Energy, Mobility, and Industrial Solutions businesses under Greaves.Next.