EPIQ Machinery CEO Éloïse Harvey, Bhushan Bachhav, operations manager of ADF Engineering, and Nilesh Shelke, vice president of Stymer Technologies, recently announced the transaction confirming the acquisition of Stymer Technologies under ADF Engineering, a subsidiary of EPIQ Machinery, a Canadian-based company. EPIQ Machinery is delighted with this acquisition. It is also in line with the company’s vision for growth and its ongoing commitment to deliver timely, high-quality material handling systems to its primary metals and pulp and paper customers worldwide.
Stymer Technologies specializes in offering engineering services dedicated to the best support for engineering, product development, detailing and analysis needs. Stymer Technologies serves industrial customers located in India, the Middle East and Europe.
In addition to its current activities, Stymer Technologies will work closely 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 our delivery commitment, in line with market expectations.
Prior to this transaction, the EPIQ team had more than 600 employees spread across several operating centers in Canada, India, France and the Middle East. The addition of the STYMER group increases the workforce to 30 engineers. All interested parties welcome Stymer Technology to the EPIQ Machinery group. “They come at the right time to lend a strong hand to the current workforce. Ultimately, this move will enable EPIQ’s future growth objectives by building the infrastructure and resources necessary to continue to grow revenues under the highest industry standards.” the company said.
They also added that this acquisition is a milestone. “We are strengthening our synergies and consolidating our global presence. With our various operations centers in Canada, France and now India, we are increasing not only our local capabilities, but also our flexibility to better serve the global heavy equipment market. In fact, EPIQ Machinery wants to expand its revenue stream both through the local market in India and our global customers by utilizing our production facilities in Pune and now this newly added engineering capability.”
In this regard, Éloïse Harvey, executive director of EPIQ Machinery, indicated that “With the introduction of EPIQ STYMER, we are embarking on a transformational journey. We are excited to see our company gain momentum. The addition of the STYMER team to ADF Engineering will bring positive assets to our manufacturing capabilities and help ensure our continued growth, as well as that of the EPIQ Machinery group. ADF, together with STYMER, will be able to realize more custom designed equipment and offer a wider range of engineering services to support the growing exponential needs here in India and in international markets.”
Bhushan Bachhav, Operation Manager, ADF Engineering added: “The partnership of STYMER and ADF with the EPIQ Machinery group brings new strength to our operations. Our team will be strengthened both in terms of competence and capacity, to better serve our customers. With EPIQ Machinery, we are focused on improving our customers’ experience, strengthening our delivery systems and improving our infrastructures to adapt to our customers’ needs. STYMER has always believed in providing impactful experience-based services to its customers and EPIQ Machinery gives us the strength to continue this work with more vigor. This integration makes us more sustainable and helps us to expand our offering faster. The union with EPIQ helps us to strengthen our presence. STYMER looks forward to a better and brighter future”.
