In early June 2025, India’s Suprajit Engineering Limited (Suprajit) completed the last step in its 2024 complicated acquisition of Germany’s Stahlschmidt Cable Systems (SCS), finalizing the purchase of its operations in China and Canada.

Per a press release and multiple media reports, that final step completes the global acquisition process of SCS out of insolvency proceedings in Germany. The process was executed in two stages across five countries: Germany, Poland, Morocco, China and Canada. It included asset and equity purchases and the creation of Suprajit subsidiaries.

SCS specializes in control cable systems, and Suprajit said that its acquisition will strengthen “its position in the global market and supports its growth strategy outside India.” It will also help cross-sell Suprajit products.

A writeup from Sharekhan described how SCS ran into financial problems. “SCS ... succumbed mainly due to pricing pressure and its endeavor to relocate manufacturing operations from Germany to Morocco, Poland, Canada and China, to cut costs.” That did not work out, and added problems related to the Covid period led to its situation.

SCS was described as having low-cost manufacturing capabilities in Morocco, a strong German engineering and sales team, “and a path of China exports through Canada.” At the time the acquisition was announced, Surprajit founder and Chairman Ajith Rai said that “SCS will add $50 million in revenue and form a key part of our global supply chain.”

Per reports, the Poland relocation is complete, and operations, with some key employees kept to support Morocco. SCS’s headquarters in Germany had a reduction in its workforce but is now an integral part of Suprajit.

The acquisition was made through Suprajit USA Inc., which set up Suprajit Canada Ltd. Suprajit Germany GmbH was also created to consummate the transaction.