Piab AB

Based in Sweden, Piab AB specializes in automation solutions and advanced vacuum technology, providing essential products for efficient material handling across various industries. Piab AB, founded in 1951 and headquartered in Danderyd, Sweden, focuses on vacuum technology and automation. The company has undergone significant strategic shifts over the years, including a majority stake acquisition by Patricia Industries from EQT for SEK 6. 95 billion in April 2018.

With a total of 3 deals, Piab positions itself strongly in the market. CEO Olaf Schlotmann leads the company into its next growth phase. Piab specializes in advanced vacuum technology and automation solutions, primarily offering vacuum ejectors, suction cups, and vacuum conveyors designed for product handling, assembly, and packaging. Their core product, the COAX® ejector, is engineered to provide three times more vacuum flow compared to conventional systems, enhancing cycle speed and reducing energy consumption, which is vital for applications involving industrial components like powders, grains, and sizable items.

The company serves a diverse clientele across various sectors, including manufacturing, logistics, and food processing, enabling safer and more efficient handling of materials while minimizing manual labor and maintaining high quality standards. Piab’s solutions are marketed globally, with a significant presence in North America, Europe, and Asia, addressing the needs of both large industrial enterprises and smaller businesses seeking customized solutions. In 2024, Piab achieved a revenue of SEK 326,077,061. 90 and an EBITDA of SEK 87,173,948.

50. The company generates revenue through direct sales of its vacuum technology products and systems, operating primarily in a B2B environment. Revenue streams are derived from one-time purchases as well as potential recurring revenue from maintenance and support services for their advanced systems. Flagship products such as the COAX® ejectors and a wide range of suction cups, fittings, and accessories are crucial to their sales strategy.

Piab's future growth strategy includes the development of new products designed to enhance their vacuum technology offerings, although specific release dates are not disclosed. The company aims to expand its market reach in North America, Europe, and Asia by targeting specific industries in these regions. The funding received from the recent Add-on, Trade Sale round will be allocated towards these initiatives, allowing Piab to support its technological advancements and market expansion efforts.