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%.