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 470 employees, Piab is a global organization, serving customers in almost 70 countries from a network of subsidiaries and distributors.

 

 

Automation is transforming production processes around the globe, driven by the continuous strive for efficient production and improved quality. The average global robot density increased to 74 robot units per 10,000 employees, up from 66 units in 2015 (according to IFR). The technological breakthroughs in robotics and connectivity brings multiple opportunities, such as opening-up new industries for automation and facilitating fully digital business models, requiring Piab’s smart and line-critical solutions.

Piab has doubled its sales in the last four years, through a combination of double-digit organic growth and acquisitions of niche players to further strengthen the product offering. Piab concluded 2018 with 1255MSEK in sales which was an increase of roughly 22% compared to previous year with an EBITDA of 29%.  

Piab’s vision is to become the global leader in gripping and moving solutions.

 

RECENT HIGHLIGHTS

The new piSMART® products are aimed at maximizing productivity and energy-efficiency and getting customers ready for Industry 4.0 factories. The piSMART® vacuum ejector is key to 4.0 factory, building on IO-Link it offers a smooth transition to smarter industry.

Piab has also introduced products for collaborative robots through piCOBOT®, small and powerful vacuum grippers and ejectors designed to be fitted to the end of any type of collaborative robot.

Patricia Industries acquired Piab in June 2018.

Click here for Piab's webpage

 

 Piab key facts

SEK m.

 2018

 2017

Sales (SEKm.)

1,255

1,028

EBITDA (%)

28

28

Number of employees

465

425

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