Ravicab Cable Acquires Indian Subsidiary of German MNC Leoni AG

Pune-based Elegar Kerpen, formerly known as Leoni Cable Solutions India Private Limited (LCSI), has been acquired by Ravicab Cables Private Limited with a 100 percent equity stake. LCSI, an Indian subsidiary of the reputed Leoni AG, Germany, which is a 100-year-old brand in the cable Industry.

Post divestiture by Leoni AG Group in 2022, LCSI is repositioning itself as Elegar Kerpen Kabel India. LCSI has been in India since 2006, offering specialized wires and cables in oil and gas, refineries, specialty chemicals, Indian Railways, and renewable energy segments.

This strategic move will help the progressive cable manufacturer expand its product range and reach new markets worldwide, especially in the Indian Subcontinent, South East Asia, the Middle East, Australia, and the UK.

The new brand name is inspired by the words Electric and Garden (Hub), creating ‘ELEGAR’. Kerpen is a renowned global brand with over 100 years of vintage in the oil and gas sector. With this acquisition, Elegar has inherited the name and its legacy for the oil & gas and industrial project segment.

The chairman and managing director of Elegar Kerpen, Hemant K Mehta, expressed his opinion on the acquisition and plans, explaining, “We are excited upon the completion of this acquisition in 3 months and subsequent rebranding. This acquisition brings world-class equipment, German technology, and trained professional manpower to grow the business to three folds by 2026-27 and the synergies it will bring on procurement, sharing best practices, common professional advisors and customer focus between Elegar Kerpen and Ravicab Cables.”