VAB Solutions, Inc.

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VAB Solutions, Inc. - overview

Established

2004

Location

Levis, QC, Canada

Primary Industry

Industrial Machinery

About

Based in Canada, VAB Solutions, Inc. offers advanced automated lumber grading systems that optimize efficiency and accuracy for sawmills, enhancing profitability for the timber processing industry. VAB Solutions, Inc. specializes in automated lumber grading systems, founded in 2004 in Levis, Canada.


In April 2018, Timber Automation, LLC acquired VAB Solutions, enhancing its operational capabilities. The company has completed a total of 1 deal since its inception, with a notable acquisition by Timber Automation. No information about prior ventures by the founder is available. VAB Solutions specializes in providing automated lumber grading systems designed to enhance efficiency, accuracy, and profitability for sawmills.


Their flagship product, the Lumber Grading Optimizer, significantly reduces operator error and trim loss while increasing grading speed and accuracy for each board processed. This system is characterized by a compact footprint allowing for swift installation with minimal modifications to existing mill layouts. Targeted end-users include sawmill operators and timber processing companies, primarily in North America and Europe, who seek to improve their grading processes and operational efficiencies. VAB Solutions' clientele consists of well-established firms in the lumber industry, such as Groupe Crête and Flippo Lumber, who benefit from the enhanced grading capabilities and reduced labor costs associated with the integration of VAB's technology.


VAB Solutions generates revenue through the sale of its automated lumber grading systems, which involves direct business-to-business transactions with sawmills and timber processing facilities. The company’s structure includes initial sales of grading optimizers and ongoing service agreements for support and maintenance. Transactions involve one-time purchases, with additional revenue streams from upgrades and complementary modules, such as the tracheid module and Air Board Tracker module, further enhancing the performance of the base system. Clients experience a rapid return on investment through increased throughput and improved grading accuracy, which leads to significant savings in labor and material costs.


Pricing structures are tailored to meet the specific needs and operational scales of clients, ensuring competitive offerings within the lumber technology market. VAB Solutions is focusing on expanding its product offerings with new modules set to launch in the coming years, enhancing their existing lumber grading systems. The company aims to expand into new markets, particularly targeting regions in Europe and Asia by 2025. Recent funding from the acquisition by Timber Automation will support these initiatives, enabling VAB Solutions to invest in research and development and broaden its market reach.


Current Investors

Timber Automation, LLC

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.vab-solutions.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

VAB Solutions, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedVAB Solutions, Inc.-

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