Indef Manufacturing has executed an agreement to acquire 80% equity in Daedalus Lift & Access Equipments.

This strategic move, costing ₹5.07 Cr, aims to bolster Indef's presence in the Mobile Elevating Work Platforms and Material Handling sectors, enhancing its product range and market reach.

Daedalus, a growing firm in MEWP & Material Handling, reported FY25 turnover of ₹6.71 Cr, though with a ₹1.90 Cr loss.

This acquisition is set to expand Indef's market footprint.