EPIQ Machinery, a leader in integrated material handling solutions for metals and mining, and pulp and paper industries, has announced its 50 per cent stake in FAFECO Group, one of India’s leading crane manufacturers.
By combining FAFECO Group’s strength in specialised crane manufacturing with EPIQ Machinery’s expertise in robotics and automation, the partnership aims to foster the next generation of smart, interconnected industrial operations.
“This acquisition is a natural step in our long-standing commitment to the Indian market,” said EQIQ Machinery chief executive Éloïse Harvey.
“FAFECO Group’s proven expertise in industrial cranes aligns perfectly with EPIQ’s vision of delivering fully integrated material handling solutions that combine robotics, automation and digitalisation to optimise industrial operations.”
FAFECO director Shyam Gurnani will retain a 50pc stake in the company and will continue to play a key leadership role in the overall management of EPIQ INDIA, which now includes FAFECO, ADF, STYMER, and NOVIMEQ.
Both groups aim to create highly automated and intelligent material handling solutions that integrate seamlessly with factory digital ecosystems, strengthening EPIQ Machinery’s ability to provide end-to-end solutions that improve the efficiency, safety and performance of its customers.
Founded in 1971, FAFECO Group has extensive expertise in custom-designed cranes with units lifting capacities of up to 500 tonnes.
The company operates three manufacturing facilities in Pune, India, with an annual production capacity of 100 cranes.
FAFECO serves a global customer base, exporting to Europe and Asia.
With more than 900 employees, a third of whom are based in Canada, EPIQ Machinery transforms heavy industrial material handling through Industry 4.0 capabilities, combining automation, robotics and digitalisation to deliver intelligent, end-to-end solutions.
The company consolidates its global presence, particularly in India, where it has successfully expanded its operations over the past 12 years through EPIQ ADF in Pune.
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