BAJAJ INDEF Acquires Majority Stake in Daedalus to Strengthen Material Handling Portfolio

#Indef #Daedalus #Bajaj #Acquisition #MadeInIndia #MaterialHandling

Source: BAJAJ INDEF

August 2025 : BAJAJ INDEF recently announced the acquisition of an 80% stake in Daedalus Lift & Access Equipments Pvt. Ltd. The strategic move combines BAJAJ INDEF's established market presence with Daedalus' innovative engineering to challenge an import-dominated segment of the industry.\

Founded in 2017 by four passionate engineering graduates, Daedalus has quickly become a respected pioneer as India’s first indigenous manufacturer of Aerial Work Platforms (AWPs) and Mobile Elevating Work Platforms (MEWPs). The company has built its reputation on a foundation of innovation, safety, and a commitment to "Made-in-India" product excellence.

This acquisition is a significant step for BAJAJ INDEF, reinforcing its commitment to providing end-to-end material handling and access solutions to its customers. The company stated that the partnership will accelerate its journey toward its ambitious "Vision 500," a testament to its focus on rapid growth and market leadership.

"By bringing together Daedalus’ ingenuity with Bajaj Indef’s legacy, reach, and customer trust, we are poised to serve our customers better, scale faster, and rise stronger as an integrated force," a company spokesperson said.