Greaves Cotton has successfully completed the acquisition of the remaining 20% shareholding in Excel Controlinkage through the secondary route, bringing its total shareholding in the company to 100%. According to reports from ETManufacturing, the acquisition was completed on August 13, 2026, marking the end of a multi-tranche acquisition process that began in 2023. This strategic move enhances Greaves Cotton's capabilities in mechanical and electronic motion control systems, aligning with its growth strategy in India's evolving mobility and industrial ecosystem.
With the completion of this acquisition, Excel Controlinkage has officially become a wholly owned subsidiary of Greaves Cotton. As reported by ETManufacturing, Greaves Cotton will continue to leverage Excel Controlinkage's capabilities, product portfolio and customer relationships across its Energy, Mobility and Industrial Solutions businesses under Greaves.Next. The acquisition represents a margin-accretive move that complements the company's diversification strategy, focusing on building and scaling businesses with differentiated engineering capabilities.
Excel Controlinkage, incorporated in 1994, develops mechanical and electronic motion control systems, including push-pull cables, mechanical levers and linkages, and electronic throttle levers. According to ETManufacturing, the company also operates an integrated manufacturing facility for heavy-duty push-pull cables, including inner and outer conduits and end fittings. Its products serve the commercial vehicle, construction equipment, agriculture, material handling, marine and special-purpose vehicle segments, as well as the aftermarket.
Parag Satpute, Group CEO & Managing Director, Greaves Cotton Limited, commented on the acquisition completion, stating that "The completion of the acquisition of Excel Controlinkage marks an important step in a margin-accretive acquisition that complements our diversification strategy. We are focused on building and scaling businesses with differentiated engineering capabilities and opportunities to participate in India's evolving mobility and industrial ecosystem." As reported by ETManufacturing, this strategic move demonstrates the company's commitment to consolidating its ownership structure in the subsidiary company.
