New DelhiLohia Group announced its acquisition of Israel’s Light & Strong Ltd, a maker of carbon fibre and glass fibre composite components for the aerospace and defence sector. With this acquisition and the manufacturing base in India Lohia group is planning to focus more on exports.
The acquisition will allow Lohia, which is headquartered in Kanpur, India, to combine its engineering experience with new technologies to deliver high-quality products to its customers, Lohia said in a statement.
“We believe this marks the beginning of our growth in this sector on a global scale,” Lohia director Anurag Lohia said. “We will continue to look at other synergistic opportunities in this space towards our aim to be a key participant in the global defence and aerospace domain.”
LIght & Strong specialises in giving alternative solutions in the field of construction and engineering in the domain of UAVs in particular as well as in various other fields. It already has an established track record with Israel's Ministry of Defence, Israel Aerospace Industries (IAI), Elbit systems, Rafael and several other defence companies from the fields of optics, simulation and UAV integrators as its clients.
The Lohia Group, employing more than 5000 people is headquartered in Kanpur, is a diversified conglomerate with its flagship company being one of the world's largest manufacturer of machinery and equipment for the plastic woven sack industry providing end-to end solutions to customers in 85 countries.
Tuesday, February 12, 2019
