Piab Group has entered into an agreement to acquire AVAC Vakuumteknik AB, a vacuum automation specialist company. AVAC complements Piab with a solid portfolio of products and solutions covering a wide range of applications and a highly experienced and skilled team as well as many new customers to Piab. Through this acquisition Piab is evolving automation by strengthening our position as a world leading automation company in the general industry and a wide array of customer applications.
The acquisition was finalized on August 9th 2022 and is fully funded through internal Piab sources.
“AVAC is a great addition to our automation components business, adding innovative products for especially sealed applications together with a leading solution for train vacuum toilets. The automation market is growing strongly, and we see great opportunities with the addition of AVAC’s competitive portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to Piab”, says Gustav Falconer, President Vacuum Automation Division.
“Piab´s long history of innovation in vacuum technology and global presence will allow for AVAC to further develop as a company while providing a long-term home for our family business and its employees”, says Tom Casinge, Chairman of the Executive Board, AVAC Vakuumteknik.
“By joining the Piab Group, we become part of a leading innovator in the vacuum technology market and together we will strengthen our leading position in the automation market”, says Martin Ekström, CEO, AVAC Vakuumteknik.
For more information
Gustav Falconer, President Vacuum Automation Division
Phone: +46 (0) 76 721 8033
Email: gustav.falconer@piab.com
About Piab
At Piab we evolve automation, creating sustainable solutions for a safer and more efficient workplace in an automated world. We provide gripping skills to robots, intelligent flow to materials, and lifting power to humans. We want to improve today’s world for the better. This ambition is embedded into everything we do. It is in every idea, every interaction, every product, and solution we provide. Our customers are in just every sector, including the food & beverage, automotive, packaging, logistics & warehousing, e-commerce, electronics, chemicals, and pharmaceutical industries, and general manufacturing.
With sales of c. 1.9 BSEK, more than 900 employees and 4 divisions, Piab is a global organisation, serving customers in more than 100 countries from a network of subsidiaries and distributors.
