The Lohia Group marked its entry into the Aerospace and Defence sector with the acquisition of Israel-based Light and Strong Limited.
Specializing in aerospace and military carbon fibre and glass fibre composite components production, the firms established pedigree in military technology manufacturing is a synergistic fit with Lohia Groups 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 and Strongs existing client base, which includes the Israeli Ministry of Defence 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 Lohia Group with its facilities in Israel and India.
Based in Kanpur, Lohia Groups India facilities will be part of the Uttar Pradesh governments new defence corridor, bringing in high-end key technologies into Aerospace and Defence composites domain. Working with the overarching vision of the Government of Indias Skill India and Make in India initiatives, with this acquisition, Lohia Group will establish India as an exporter of customized composite products 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 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. This story is provided by NewsVoir. (ANI)