EPIQ Machinery, a leader in integrated material handling solutions for the metals & mining, and pulp and paper industries, is proud to announce the strategic acquisition of a 50% stake in Fafeco Group, one of India's most respected crane and overhead crane manufacturers.
“This acquisition is a natural next step in our long-standing 12-year partnership between EPIQ and Shyam Gurnani’s family, the owner of the remaining 50% of Fafeco”, Fafeco states.
“By bringing Fafeco into the EPIQ family, we are strengthening our global footprint and enhancing our ability to provide world-class lifting and material handling solutions. With this partnership, we are reinforcing our commitment to innovation, operational excellence, and global growth”, Fafeco adds.
By this acquisition, EPIQ Machinery strengthens its human capital to reach a skilled workforce of over 900 employees, a third of whom are based in Canada.
Both companies will maintain their existing operations while collaborating closely on innovation, process optimization, and market expansion.
“This acquisition is a natural step in our long-standing commitment to the Indian market. FAFECO’s proven expertise in industrial cranes aligns perfectly with EPIQ’s vision of delivering fully integrated material handling solutions that combine robotics, automation and digitalization to optimize industrial operation”, says Éloïse Harvey, CEO, EPIQ Machinery, as quoted by Paper Advance.
