Piab Group has through Piab AB signed an agreement to acquire the business of PIVAC Syd AB

Stockholm, Sweden – PIVAC Syd AB is one of Piab’s current distributors in Sweden. PIVAC Syd AB has seven employees which all will be offered employment in Piab AB and thereby be able to continue providing superior service and supply innovative vacuum solutions to the current and new customers.

“By acquiring the business of PIVAC Syd AB and their highly skilled personnel, Piab will be able to offer a nation-wide sales and service team in Sweden to support current and new customers. This also brings us closer to the end user which enables us to gain first-hand knowledge to fuel innovation and increase customer satisfaction. I would like to take the opportunity to express a warm welcome to our new employees”, says Clas Gunneberg, CEO Piab Group.

The acquisition is planned to be completed within the coming three months.

For further information, please contact:
Clas Gunneberg, CEO
Tel: +46 705 930482
E-mail: clas.gunneberg@piab.com

About Piab

Piab provides smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. With almost 500 employees and SEK 1.2 bn in sales 2018, Piab is a global organization, serving customers in almost 70 countries from a network of subsidiaries and distributors. By leveraging the ongoing technological development in automation and robotics, and targeting high-growth segments and geographies, Piab’s vision is to become the global leader in gripping and moving solutions.