India’s Lohia Group has marked its entry into the aerospace and defense sector with the acquisition of Israel-based aerostructure manufacturer, Light & Strong Limited.
Lohia group specializes in aerospace and military carbon fibre and glass fibre composite components production. The group’s facilities in India will be part of the Uttar Pradesh State government’s new defense corridor, the company said in the statement Monday.
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. 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, the company stated.
According to the statement, with this acquisition, Lohia Group will establish India as an exporter of customized composite products to global OEMs and will aim at executing offset obligations of global companies.