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Lohia Group enters the Aerospace and Defence sector

ANI 

The Group marked its entry into the and Defence sector with the acquisition of Israel-based Light and Strong Limited.

Specializing in and military carbon fibre and glass fibre composite components production, the firm's established pedigree in military is a synergistic fit with Group's decades long expertise in across sectors.

The acquisition establishes Group as a key participant in the sector as it leverages Light and Strong's existing client base, which includes the among others, to build its own presence.

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 with its facilities in and

Based in Kanpur, Lohia Group's facilities will be part of the government's new defence corridor, bringing in high-end key technologies into 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, will establish as an exporter of customized to global OEMs.

We aim to become a successful vehicle for executing offsetobligations 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 and Strong allows us to integrate our 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." This story is provided by NewsVoir.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 14:26 IST
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