Piab Group - the worldwide frontrunner in industrial automation solutions

Activities during Q3, 2024

• Organic sales increased by 5 percent in constant currency with growth in all regions and divisions, and particularly strong contribution from Lifting Automation.
• The EBITA margin decreased, driven by non-recurring costs connected to recent add-on acquisitions. Adjusted for these costs, the margin was stable.
• Piab Group acquired FeiYun, a Chinese provider of vacuum conveyors and complementary equipment to industries such as battery, pharma, chemical, food & beverage and additive manufacturing. In 2023, FeiYun’s revenues amounted to approximately SEK 250m with profitability in line with Piab Group’s. Piab Group acquired 80 percent of FeiYun for a consideration of approximately SEK 660m on a cash- and debt-free basis, of which SEK 200m was funded by equity from Patricia Industries.
• Piab Group acquired Alum-a-Lift, a US-based provider of ergonomic lifting equipment to industries such as semiconductor, aerospace and logistics. Alum-a-Lift’s revenues amounted to USD 26m in 2023 with a margin slightly accretive to Piab Group’s. The total consideration amounted to USD 120m on a cash- and debt-free basis, of which USD 100m was funded by equity from Patricia Industries.

Piab Group in facts

3 bn SEK turnover
1400+ employees
25+ sales offices throughout the world
900+ partners globally
4 divisions
100 countries presence
HQ in Danderyd, Sweden