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Piab has acquired FEBA Automation, headquartered in Germany, a developer and producer of robotic gripping solutions for customers in the manufacturing industry. The acquisition follows the recent addition to Piab of US-based SAS Automation, a leading developer and manufacturer of mechanical grippers and robotic end-of-arm tooling systems.
Taby, Sweden – Automation is transforming production processes around the globe, driven by the continuous strive for efficient production and improved quality. The technological breakthroughs in robotics and connectivity brings multiple opportunities, such as opening-up new industries for automation and facilitating fully digital business models, requiring Piab's smart and line-critical solutions. Piab, with annual revenues of around SEK 1bn, has doubled its sales in the last four years, through a combination of double-digit organic growth and acquisitions of niche players to further strengthen the product offering.
Through the acquisitions of FEBA Automation and SAS Automation, Piab is complementing its leading offering in vacuum automation solutions with mechanical grippers and end-of-arm tooling, thereby responding to customers' demand for a single supplier of gripping and moving solutions, and strengthening Piab's position in the US, Germany and China, as well as in high-growth end-markets.
Piab's CEO Anders Lindqvist comments:
”The automation trend, supported by robotics and IoT, is a key driver behind Piab's strong growth. We have pioneered vacuum automation since the 1960's, and are well positioned as the global leader in our field. The acquisitions of FEBA Automation and SAS Automation complement our offering with robotic grippers, making it possible for Piab to address a substantially larger market. Our smart, line-critical solutions unlock value for our customers by moving things faster, safer and at extremely low energy consumption, and the acquisitions are important steps to reach our vision to become the global leader in gripping and moving solutions.”
Häla El Sheemy Washbrook, VP Marketing and Communications Manager
Tel: +46 (0) 8 630 25 74
Piab provides smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. With 430 employees and SEK 1bn in sales 2017, Piab is a global organization, serving customers in almost 70 countries from a network of subsidiaries and distributors. By leveraging the ongoing technological development in automation and robotics, and targeting high-growth segments and geographies, Piab's vision is to become the global leader in gripping and moving solutions.