New Delhi. Kanpur-based Lohia Group marked its entry into the aerospace and defence sector with the acquisition of Israel-based Light & Strong Limited, a company press statement said on February 11.
Specializing in aerospace and military carbon fibre and glass fibre composite components production, the firm’s established pedigree in military technology manufacturing is a synergistic fit with Lohia Group’s decades long expertise in large scale manufacturing across sectors.
The acquisition establishes Lohia Group as a key participant in the sector as it leverages Light & Strong’s existing client base, which includes the Israeli Ministry of Defence among others, to build its own presence.
“Aerospace composites is a high technology domain which through this aquistion we hope to leap frog the learning curve of producing world class products for the Indian and Global A&D markets,” said Pavitra Goel, Lead, Aerospace & Defence, Lohia Corp Ltd.
The Israeli facility is a well-established aerostructures manufacturer for platforms such as Unmanned Aerial Vehicles (UAVs) and passenger and cargo aircraft. These customers will now be ably supported by Lohia Group with its facilities in Israel and India.
Based in Kanpur, Lohia Group’s India facilities will be part of the Uttar Pradesh government’s new defence corridor, bringing in high-end key technologies into aerospace and defence composites domain.
Working with the overarching vision of the Government of India’s ‘Skill India’ and ‘Make in India’ initiatives, with this acquisition, Lohia Group will establish India as an exporter of customiaed composite products to global OEMs.
“We aim to become a successful vehicle for executing offset obligations of global companies through this endeavor. The Group will also explore other opportunities in the sector which align with our experience and expertise.”
Anurag Lohia, Director – Lohia Group, stated, “Our acquisition of Light & Strong allows us to integrate our manufacturing expertise with cutting edge technology to help make India the exporter of choice for global OEMs.
With our belief in ‘Make in India’, we are committed to supporting our indigenous aerospace and defence sector for its requirements of all things composite.”
Headquartered in Kanpur, India, Lohia Group of companies is a diversified conglomerate with a rich history of excellence in manufacturing.
The flagship company is one of the world’s largest manufacturer of machinery and equipment for the plastic woven sack industry and provides end-to end solutions to our customers in 85 countries, employing more than 5,000 people.
Company’s other business interests include textiles and auto components.