Automation is transforming production processes around the globe, driven by the continuous strive for efficient production and improved quality. The average global robot density increased to 74 robot units per 10,000 employees, up from 66 units in 2015 (according to IFR). The technological breakthroughs in robotics and connectivity brings multiple opportunities, such as opening-up new industries for automation and facilitating fully digital business models, requiring Piab’s smart and line-critical solutions.
Piab has had a double-digit sales growth over the last years, through a combination of organic growth and acquisition of niche players to further strengthen the product offering and geographical footprint. Piab concluded 2021 with SEK 1,738m in sales which was an increase of 14% compared to previous year with an EBITDA margin of 28%.
Piab’s vision is to become the global leader in gripping and moving solutions.
RECENT HIGHLIGHTS
The new piSMART® products are aimed at maximizing productivity and energy-efficiency and getting customers ready for Industry 4.0 factories. The piSMART® vacuum ejector is key to 4.0 factory, building on IO-Link it offers a smooth transition to smarter industry.
Piab has also introduced products for collaborative robots through piCOBOT®, small and powerful vacuum grippers and ejectors designed to be fitted to the end of any type of collaborative robot.
Piab has acquired Airbest, a leading local Chinese player within Vacuum Automation, and Manut-LM, a French manufacturer of lifting automation equipment, further strengthening the company’s presence in the respective countries.
Patricia Industries acquired Piab in June 2018.
Piab key facts
|
SEK m. |
2023 |
2022 |
|
Sales (SEKm.) |
3,083 |
2,450 |
|
EBITDA (%) |
28 |
25 |
|
Number of employees |
1,030 |
1,030 |
Patricia Industries ownership (capital/votes): 91/91 | Initial investment year: 2018