Sweden-based Piab Group has announced the acquisition of TAWI Group, scheduled to be completed by January 2020.
Thomas Bräutigam, CEO of TAWI Group, commented, “Piab’s long history of innovation in vacuum technology and global market access will allow for TAWI to further strengthen its offer to customers in need of smart and ergonomic lifting solutions. By joining the Piab Group, TAWI joins an excellent global company, a leading innovator in the vacuum technology market and together we will strengthen our leading position in the semi-automatic lifting market.”
Strenght in complementarity and collaboration
The acquisition will enable Piab to add a complementary portfolio of products and solid its role in the field of semi-automated lifting products.
Remarking the complementarity of the acquisition, Claus Gunneberg, CEO of the Piab Group, stated, “TAWI has a perfect strategic fit to our business. 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.”
