Piab Acquires Kenos
This deal expands their offering of vacuum technologies for automated material handling and factory automation.
Posted: July 19, 2016
Piab AB (Taby, Sweden) has acquired Kenos (Padova, Italy), a leading manufacturer of large area vacuum grippers used in various applications, such as packaging of wood, food etc. Both companies have complementary product offerings and the combination will enable accelerated growth through cross-selling. Both are recognized for a leading technology platform and are well known for innovation, as well as strong brand and high quality products.
The combined company will be even better positioned to serve a larger target market. Piab has global reach, with 13 sales offices and more than 900 different partners well distributed both geographically and across the various industry segments. Kenos has a specialized product portfolio of high quality that is highly appreciated within the industry. The combined company will become a stronger partner for customers worldwide by providing a broadened product portfolio and joint expertise on a global scale.
“Given our long history of innovation in vacuum technology and our global market access, combined with their innovative range of large area vacuum grippers, we are very excited about the growth prospects and strength of the combined company,” stated Anders Lindqvist, the chief executive officer of Piab.
“We are very happy with them as our new owner and firmly believe that, given their heritage of technology leadership and outstanding global reach, this new organization will be able to bring forward our product portfolio very fast on a global level. We strongly believe that our existing and new customers will see great benefit from the joining of these two companies and look forward to continuing to work with the combined group,” stated Paolo Valentini, the chief executive officer of Kenos.
Established in 1951, Piab designs innovative vacuum solutions that improve the energy-efficiency, productivity, and working environments of vacuum users around the world, including vacuum pumps, vacuum accessories, vacuum conveyors and suction cups for a variety of automated material handling and factory automation processes.
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