Ravicab Cables completed the acquisition of Leoni Cable Solution India from Leoni.

Ravicab Cables, a specialized cable manufacturer, completed the acquisition of Leoni Cable Solution India, a fully owned Indian subsidiary of Leoni, a provider of products, solutions and services for energy and data management in the automotive industry. Financial terms were not disclosed. "The agreement with Leoni to purchase the shares of Leoni Cable Solutions India is beneficial to all stakeholders and reflects Ravicab’s strongaspiration to further strengthen its market position.It's a great opportunity for Ravicab to be able to acquire a unit set up with best-in-classinfrastructure with best available machinery and major approvals in place to expand the business at high growth rates," Hemant K Mehta, Ravicab Managing Director.