Piab, Sweden, acquired Sweden-based Vaculex, a manufacturer of lifting equipment based on vacuum technology. With 30 years of experience Vaculex designs, manufactures and sells ergonomic lifting systems for various applications, e.g. packaging, distribution and logistics.
Piab and Vaculex maintain complementary product offerings. Piab runs 13 sales offices and boasts more than 900 partners with well-balanced geographical and segment coverage. The combined company will provide an extended product portfolio and joint expertise with global reach.
“We are convinced that this is a great match. Our partners around the globe have repeatedly requested Vaculex-type products. This market is growing rapidly due to manual lifting operations being increasingly automated. We are very excited about the growth prospects and strength of the combined company,” says Anders Lindqvist, chief executive officer of Piab Group.
“Piab’s long history of innovation in vacuum technology and global market access, combined with Vaculex’s innovative product range, will shape a new and stronger business partner. We strongly believe that the new formed company will serve the market even better. I am really looking forward to working with the combined group,” says Ronny Holmsten, chief executive officer at Vaculex.