# EPIQ Machinery acquires 50% stake in FAFECO Group

EPIQ Machinery acquired a 50% stake in FAFECO Group, an Indian crane manufacturer. FAFECO operates three facilities in Pune with annual capacity of 100 cranes.

- Type: Acquisition
- Announced: 2025-03-19
- Where: Pune, India
- Status: announced
- Capacity: 100 cranes per year
- Products: cranes, overhead cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [EPIQ Machinery](https://endata.com/companies/57274.md) (acquirer)
- [FAFECO Group](https://endata.com/companies/83592.md) (target)

## Sources

- [epiqmachinery.com](https://epiqmachinery.com/acquisition-of-a-50-stake-in-the-fafeco-group/), 2025-03-19: "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."
- [alcircle.com](https://www.alcircle.com/press-release/epiq-machinery-expands-its-global-presence-with-the-acquisition-of-a-50-stake-in-the-fafeco-group-113575), 2025-03-20: "By this acquisition, EPIQ Machinery strengthened its human capital to reach a skilled workforce of over 900 employees, a third of whom are based in Canada."
- [hoistmagazine.com](https://www.hoistmagazine.com/news/epiq-machinery-to-acquire-50-stake-in-fafeco-to-expand-footprint/), 2025-03-21: "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."
- [globalpapermoney.com](https://www.globalpapermoney.com/epiq-machinery-expands-its-global-presence-with-the-acquisition-of-a-50-stake-in-the-fafeco-group-cms-18944&cache_id=31622), 2025-04-01: "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."
- [globalpapermoney.com](https://www.globalpapermoney.com/epiq-machinery-expands-its-global-presence-with-the-acquisition-of-a-50-stake-in-the-fafeco-group-cms-18944), 2025-04-01: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.