Piab Group acquires TAWI Group
2019-12-19 12:00
Piab Group acquires TAWI Group to become the global leader in ergonomic handling solutions.
Piab Group has entered into an agreement to acquire TAWI Group, a leading manufacturer of smart lifting solutions with global reach. Total sales for TAWI is expected to reach 340 MSEK in 2019. With more than 30 years of history, TAWI adds a solid complementary portfolio of products, very experienced and skilled employees, a strong network of distributors as well as many new customers to Piab. Through this acquisition Piab is evolving automation by taking a world leading position in semi-automated lifting products.
Clas Gunneberg, CEO Piab Group: “TAWI has a perfect strategic fit to our business. The market for smart and ergonomic lifting solutions is growing rapidly thanks to manual lifting processes being automated. We foresee very strong growth opportunities with the addition of TAWI’s competitive product portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to the Piab Group.”
