This acquisition helps Piab become a leader in ergonomic handling solutions.
Piab Group, Sweden, entered into an agreement to acquire TAWI Group, a Laguna, Philippines-based manufacturer of smart lifting solutions. With this acquisition, TAWI adds a complementary portfolio of products, skilled employees, a strong network of distributors as well as new customers.
“TAWI has a perfect strategic fit to our business,” says Clas Gunneberg, chief executive officer of Piab Group. “The market for smart and ergonomic lifting solutions is growing rapidly thanks to manual lifting processes being automated. We foresee very strong growth opportunities with the addition of TAWI’s competitive product portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to the Piab Group.”