Piab Group acquires IB Verfahrens and Coval
Piab Group has boosted its capabilities in vacuum conveying and in robotics with the acquisitions of Coval and IB Verfahrens- und Anlagentechnik.
IB develops and builds customer-specific, turnkey systems for filling, emptying, metering, and conveying bulk materials. IB is also a well-known partner in the additive manufacturing industry, where they provide ultra-sonic sieving and reclaim machines.
The IB product portfolio completes the Piab additive manufacturing offering and enables Piab Group to offer full powder handling solutions, particularly in the Food, Pharma, and Chemical industries. The acquisition is planned to be finalised shortly, with the transaction fully funded through internal sources.
“The offering, the competence, and the know-how that IB brings, is a game changer for our vacuum conveying division. With this addition, we will be able to serve both our existing and new customers even better and create robust growth opportunities. IB and Piab share the same company culture and values. I would like to extend a very warm welcome to all our new colleagues,” said Floris Rouw, president of Piab’s vacuum conveying division.
Frank Scholz, owner and managing director of IB Verfahrens- und Anlagentechnik, said: “IB Verfahrens- und Anlagentechnik was founded in 2006 as an engineering company and today has around 30 employees. Together with Piab Group – who is known as a world market leader in vacuum transport solutions – a strong team comes into being for a strong future. We are convinced that both companies will profit from this acquisition and look forward to our journey with great confidence.”
The acquisition of Coval, meanwhile, adds a solid portfolio of premium products, highly experienced and skilled employees, a strong brand known for the highest quality standards and many new customers to Piab Group. Through the acquisition, Piab Group is evolving automation by strengthening its position as a world leading automation company. The transaction is fully funded through a combination of external and internal sources.
“We are very much looking forward to bringing the Coval team into the Piab family and we see a great culture fit routed in a strong passion for the future of robotics and automation. With this strategic move, we are confident in our ability to provide our customers with cutting-edge automation solutions, while strengthening our competitive advantage in the market,” said Peter Laurin, CEO of Piab Group
Gustav Falconer, president of Piab’s vacuum automation division, added: “Coval has a perfect strategic fit for our business. The market for industrial automation is growing rapidly and we foresee very strong growth opportunities with the addition of Coval’s competitive portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to Piab Group.”
Michel Cecchin, owner and CEO of Coval, said: “Piab Group’s long history of innovation in vacuum technology and global presence will allow for Coval to further develop and provide a long-term home for our family business and its employees. By joining the Piab Group, Coval joins an excellent global company, a leading innovator in the vacuum technology market and together we will strengthen our leading position in the automation industry.”
Visit the Piab website for more information
