Piab provides smart solutions for the automated world and is the global technology leader within industrial vacuum-based automation and robot components. Piab is today present in more than 70 countries through distributors and subsidiaries.
Founded in 1951 by the Swedish Tell family, Piab supplies vacuum ejectors, conveyors, lifters and suction cups that serve to improve the energy-efficiency, productivity and working environments of customers across a broad range of industries, including food, pharmaceuticals, packaging and automotive. Piab is today headquartered in Täby, Sweden and has approximately 430 employees across the world.
EQT VII saw the potential for Piab to capitalize on Automation & Robotization market trends, while accelerating innovation pace, sales efficiency and strategic M&A. During EQT VII’s ownership, Piab transformed into a true global market leader in gripping and moving solutions for the broader industrial automation and robotics industry.
Piab accelerated growth organically through new hires, investments in innovation and product development. The company expanded into adjacent gripping technologies by successfully executing four value accretive add-ons. By the end of EQT VII’s ownership, Piab increased sales by ~70% and employees by ~50%.
Key events during EQT's ownership
With the support of EQT, Piab has transformed into a true global market leader in gripping and moving solutions for the broader industrial automation and robotics industry
Strong acceleration of organic growth and market share capture across the globe, driven by significant investments in innovation and product development as well as an ambitious expansion of the Company’s sales force and distribution partnerships, globally and particularly in China
Completion of four value accretive add-on acquisitions, driving expansion into adjacent gripping and moving technologies. The add-on acquisitions have increased both the Company’s total addressable market and growth profile, and the value proposition for its customers