Piab overview

Piab is a major vacuum automation and gripping company whose products are widely used at the end of robot arms and in packaging lines. The company supplies vacuum pumps, suction cups, grippers, end-of-arm tooling and smart vacuum systems for picking, placing, palletizing and handling delicate or porous objects.

Company fact	Detail
Founded	1951
Country	Sweden
Address	P.O. Box 146, 182 12 Danderyd
Employees	Approx. 1,200+ globally
Specializes in	Vacuum automation, gripping, suction cups, end-of-arm tooling, robotic picking and packaging automation
Products	piCOBOT, piSOFTGRIP, piGRIP, piCOMPACT, vacuum pumps, suction cups, Kenos grippers, piSMART, end-of-arm tooling
Typical projects	Packaging automation, food handling, plastics, logistics picking, pharmaceutical handling, palletizing, collaborative robot vacuum tooling, automated sorting
Management and ownership	Piab is privately held and part of Patricia Industries/Investor AB-related ownership. CEO: Anders Lindqvist. Governance is private-company based within the ownership group.

Website: www.piab.com

Piab review summary

Piab is a Swedish group that makes vacuum pumps, suction cups and grippers for automation, along with vacuum conveyors and lifting aids. It is 91% owned by Patricia Industries, part of Investor AB, and has sales of SEK 3,446 million and 1,425 employees. This profile sets out its ownership, financial growth, acquisitions and products.

Verified key facts from the review

Fact	Detail
Company	Piab Group
Country	Sweden
Sales	SEK 3,446 million
EBITDA margin	27%
Employees	1,425
Owner	Patricia Industries, 91% of capital and votes
Ultimate parent	Investor AB, listed in Stockholm
Stock listing	None of its own