Mechanical motion control system in Indian industrial facility
Greaves Cotton Limited has finalized the acquisition of the remaining 20% stake in Excel Controlinkage Private Limited, a move that transforms the latter into a wholly owned subsidiary. This strategic multi-tranche transaction, initiated in April 2023, concluded on August 13, 2026, consolidating Greaves Cotton’s control over the motion control systems manufacturer.
Excel Controlinkage, established in 1994, specializes in the production of mechanical and electronic motion control systems, including essential components like push-pull cables and levers. The company caters to a broad spectrum of industrial sectors, encompassing commercial vehicles, construction equipment, agriculture, material handling, marine applications, and specialized vehicles, alongside serving the aftermarket.
This acquisition is a key component of Greaves Cotton’s ‘Greaves.Next’ diversification strategy. The company aims to leverage Excel Controlinkage’s established product portfolio, manufacturing expertise, and existing customer relationships to bolster growth across its three primary business segments: Energy Solutions, Mobility Solutions, and Industrial Solutions.
Parag Satpute, Group CEO and Managing Director of Greaves Cotton, highlighted that the acquisition is margin-accretive and will contribute to building differentiated engineering capabilities within India’s mobility and industrial landscape. The financial specifics of the final acquisition tranche were not disclosed.
With over 165 years of history, Greaves Cotton is a significant player in the manufacturing of single-cylinder diesel engines. The company has strategically expanded its footprint into electric mobility through Greaves Electric Mobility Limited and into financial services via Greaves Finance Limited, underscoring its commitment to diversified growth.
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