Piab Group has entered into an agreement to acquire Joulin, a global leader of vacuum gripping solutions. Joulin has a total sales of approximately 15 MEUR. With more than 60 years of history, Joulin adds a solid portfolio of products and solutions, highly experienced and skilled employees, a strong brand known for highest quality standards as well as many new customers to Piab. Through the acquisition, Piab is evolving automation by strengthening our position as a world leading automation company in the wood industry and a wide array of end-of-line applications such as palletizing.
The acquisition is planned to be finalized before the end of May 2022.
“Joulin has a perfect strategic fit to our business. The market for material handling solutions is growing rapidly and we foresee very strong growth opportunities with the addition of Joulin’s competitive solutions 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 Joulin to further develop and Piab also provides a long-term home for our family business and its employees. By joining the Piab Group, Joulin joins an excellent global company, a leading innovator in the vacuum technology market and together we will strengthen our leading position in the automation industry”, says Laurent Joulin, Co-owner and CEO of Joulin’s European branch.
For more information
Emmelie Thuresson, Group Communication & Learning Manager
Phone: +46 (0) 766 95 3638
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.