Lohia Group acquires Israeli company

Kanpur-based Lohia Group has acquired an Israeli company, Light and strong Ltd, specialising in aerospace and military carbon fibre and glass fibre composite components production, with the aim of becoming a leading supplier for global original equipment manufacturers (OEMs) in the aerospace and defence sector. The Group′s director, Anurag Lohia, said that the acquisition would help establish a firm international footprint for the group and in further growing new markets. He added, “We believe this marks the beginning of our growth in this sector on a global scale. 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. “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.” With its operations in India supporting its Israeli facilities, the Group looks at strengthening the Make in India initiative as well as making Israel a key export hub to the American and European markets. Lohia said: "With these facilities serving as a strategic base for customers in those markets, the Group will utilise Israel′s well-known prowess in aerospace R&D and engineering to leverage its expertise globally.”