Takeover
Piab acquires Tawi Group
Piab would like to take over Tawi. Both companies have signed an agreement on the takeover. The aim of the Piab Group is to become the global leader in ergonomic handling solutions.
"Tawi is a perfect strategic fit for our business. The market for intelligent and ergonomic lifting solutions is growing rapidly as manual lifting operations are automated. We see very good growth opportunities through Tawi's competitive product portfolio and highly skilled employees, who I would like to welcome to the Piab Group," explains Clas Gunneberg, CEO of Piab Group.
Clas Gunneberg, CEO of the Piab Group, explains the reasons for the acquisition.
Tawi is a manufacturer of intelligent lifting solutions and has a global network. The company expects sales of around 340 million Swedish kronor in 2019. With the acquisition, Piab aims to become a global leader in semi-automated lifting equipment. David Collins, Vice President Ergonomic Handling at Piab Group: "Improving wellbeing is an increasingly important priority for employers around the world. The acquisition of Tawi will enable Piab to offer even more solutions to create an effective and safe working environment."
Thomas Bräutigam, CEO of the Tawi Group, also sees many advantages for his company in being part of the Piab Group: "Piab's long experience in vacuum technology innovation and global market access will enable Tawi to further strengthen its offering for customers who require intelligent and ergonomic lifting solutions. By joining the Piab Group, Tawi joins an outstanding global company, a leading innovator in the vacuum technology market, and together we will consolidate our leading position in the semi-automatic lifting market."
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