M&A Deal Summary

Piab Acquires SAS Automation

On November 3, 2017, Piab acquired machinery company SAS Automation

Acquisition Highlights
  • This is Piab’s 3rd transaction in the Machinery sector.
  • This is Piab’s 1st transaction in the United States.
  • This is Piab’s 1st transaction in Ohio.

M&A Deal Summary
Date 2017-11-03
Target SAS Automation
Sector Machinery
Buyer(s) Piab
Deal Type Add-on Acquisition

Target

SAS Automation

Xenia, Ohio, United States
SAS Automation LLC is a developer and manufacturer of mechanical grippers and robotic end-of-arm tooling systems. SAS Automation is based in Xenia, Ohio.

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Buyer(S) 1

Buyer

Piab

Taby, Sweden
Category Company
Founded 1951
Sector Machinery
Employees625
Revenue 1.5B SEK (2020)
DESCRIPTION

Piab is a provider of smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. By leveraging the ongoing technological development in automation and robotics, and targeting high-growth segments and geographies, Piab's vision is to become the global leader in gripping and moving solutions. Piab was founded in 1951 and is based in Taby, Sweden.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Vaculex AB

Mölndal, Sweden

Vaculex AB is a manufacturer of lifting equipment based on vacuum technology. Vaculex designs, manufactures and sells ergonomic lifting systems for various applications, e.g. packaging, distribution and logistics.

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