EPIQ Machinery, headquartered in Montreal, Canada, completed the acquisition of Stymer Technologies, an engineering company based in Pune, India, through its Indian subsidiary company ADF Engineering. This is in line with EPIQ’s growth vision and its ongoing commitment to timely delivery of high quality materials handling systems to its primary metals and pulp and paper customers worldwide.
“This acquisition is a landmark,” said Éloïse Harvey, CEO of EPIQ Machinery. “We are reinforcing our synergies and consolidating our global presence. With our various centers of operations in Canada, France and now India, we are increasing not only our local capacities, but also our flexibility to better service the global heavy-duty equipment market. Indeed, EPIQ Machinery wants to expand its revenue stream through both the local market in India and our global clients using our production facilities in Pune and now this recently added engineering capacity.”
Stymer Technologies specializes in engineering services dedicated to offer finest support for engineering, product development, detailing and analysis needs. The company services industrial customers located in India, the Middle East, and Europe. The acquisition will also strengthen Stymer’s operations as they move forward.
“The partnership of Stymer and ADF within the EPIQ Machinery group brings a new strength to our operations,” said Nilesh Shelke, vice-president of Stymer Technologies. “Our team shall grow stronger in terms of competency and capacity both, to serve our customers in much better way. With EPIQ Machinery we focus on enhancing our customer experience, strengthening our delivery systems, and improving our infrastructure to suit our clients’ needs. STYMER has always believed in delivering impactful experience-based services to their clients and EPIQ Machinery gives us strength to continue this work with more vigor. This integration makes us more sustainable and helps us in ramping up our offerings faster. Joining hands with EPIQ helps us to strengthen our presence. STYMER looks forward to a brighter and better future.”
In addition to its current activities, Stymer Technologies will work together with EPIQ Machinery’s technical teams in Canada to support the design of EPIQ’s systems. The objective is to use this new capacity to maintain EPIQ’s delivery commitment, in line with market expectations.
Prior to this transaction, EPIQ’s team counted over 600 employees spread across various operating sites in Canada, India, France, and the Middle East. The addition of the Stymer group increases the workforce by 30 engineers. According to EPIQ, all stakeholders are positively welcoming Stymer Technology to the EPIQ Machinery group — as they will be able to lend a strong hand to the company’s current workforce. Finally, this move will enable EPIQ’s future growth objectives by building the infrastructure and resources required to continue increasing revenues under the highest industry standards.
“As we unveil EPIQ STYMER, we’re embarking on a transformative journey,” explained Bhushan Bachhav, operation manager at ADF Engineering. “We are excited to see our company gain momentum. The on-boarding of STYMER team within ADF Engineering will bring positive assets to our manufacturing capacities and helps ensuring our continuous growth, as well as that of the EPIQ Machinery group. ADF along with STYMER will be able to undertake more custom-design equipment and offer a wider range of Engineering services to support the needs growing exponentially here in India and in international markets.”