Greaves Cotton Completes 100% Acquisition of Excel Controlinkage

Greaves Cotton Limited has announced the completion of its acquisition of the remaining 20% shareholding in Excel Controlinkage Private Limited, taking its total ownership to 100%. This acquisition, effective August 13, 2026, makes Excel Controlinkage a wholly owned subsidiary. The move is part of Greaves Cotton's multi-tranche acquisition strategy initiated in 2023 and aligns with its diversification strategy, aiming to build businesses with differentiated engineering capabilities in India's evolving mobility and industrial ecosystem. Excel Controlinkage is a significant player in motion control systems, serving various sectors including commercial vehicles, construction equipment, and agriculture.