About PIAB

PIAB is a global leader in industrial vacuum technology.

Main product categories in PIABs assortment are innovative vacuum pumps, suction cups and vacuum conveyor solutions. With these products PIAB can improve the productivity and working environment of vacuum users is various industries. Altor acquired PIAB from the founding Tell family in August 2006. Headquartered in Stockholm, PIAB has production facilities in Sweden and in Singapore and sales subsidiaries in more than 15 countries world wide.

Altor was attracted by the leading product range and technological know-how of PIAB. Furthermore, PIAB’s industry was seen as very attractive with growth driven by a general increase in industrial automation as well as a favorable technology shift towards PIAB’s core strength, the compressed air driven vacuum.

Altor’s investment thesis builds on growth and efficiency improvement opportunities identified together with the management team of PIAB. An accelerated growth is expected to result from improved key account management and more direct sales initiatives as well as a more structured distributor management. In addition, several opportunities for improving the company’s performance are being processed with the centralization of the European logistics to one warehouse and the streamlining of the order-to-delivery process as two key initiatives. Furthermore, add on investment opportunities have been identified, aimed at strengthening PIABs product portfolio and customer reach.