Ravicab Cables Private Limitedย announced the acquisition ofย Leoni Cable Solutions (India) Private Limited (LCSI), a subsidiary ofย Leoni AG, headquartered in Bengaluru. The deal strengthens Ravicabโs footprint in Indiaโs specialty cable market and broadens its product offerings.
Ravicab Expands Market Reach
Ravicab stated that the acquisition will expand its market reach, diversify its product range, and align with its longโterm growth plan. For LCSI, the move opens new investment opportunities and sets a clear direction for future development.
Founded in 2013, LCSI operates aย 15,000โsquareโmeter plantย in Bengaluru. The company reportedย โฌ25.5 million in revenueย in 2021 and employs aboutย 190 people. The facility manufactures cables for industrial, signaling, and specialty applications, serving both domestic and export markets.
Strengthening Capabilities in Specialty Cable Production
Through this acquisition, Ravicab gains an edge inย renewable energyย andย railwayย cable production, especially withย EโBeam technology. The deal also includes advanced processes and systems that support premium product lines such asย Kerpenย andย Icon.
Moreover, Ravicab said the transition will enhance efficiency, improve quality, and accelerate its expansion into higherโgrowth market sectors.
Leoni Refocuses on Core Business
Forย Leoni AG, the sale marks another step in its plan to streamline operations. The company continues to divest itsย Wire & Cable Solutions Division (WCS)ย while concentrating on theย Wiring Systems Division (WSD).
Leoniโs remainingย Business Group Wire Products & Solutions (BG PS)ย will also undergo review to determine the best ownership structure. Despite challenges from the war in Ukraine, production continues at Leoniโs plants inย Lvivย andย IvanoโFrankivsk, demonstrating resilience and adaptability.
