Piab Group acquires Alum-a-Lift

Alum-a-Lift adds a portfolio of advanced electric lifting trolleys for applications within the semiconductor industry, aerospace, logistics, and other key segments, highly experienced and skilled employees, a strong brand known for its world-leading technology, the highest quality standards, and many new customers to Piab Group. For the 12 months ending December 2023, Alum-a-Lift’s revenues amounted to approximately USD 26 Million with 80 employees. Through the acquisition, Piab Group is strengthening its position as a world-leading industrial automation company.

The acquisition will be funded by equity from Patricia Industries and cash from Piab Group.

"I am very excited to welcome the Alum-a-Lift team to the Piab Group family. Their exceptional talent and expertise, world-leading technology, and strong global market presence deeply impressed me, particularly in the semiconductor industry and other key segments. We see a great culture and strategic fit that will strengthen our customer offering and, hence, our competitive advantage in the industrial automation market," says Peter Laurin, CEO of Piab Group.

“Alum-a-Lift has an excellent strategic fit for our business. The market for industrial automation is growing rapidly, and we anticipate significant opportunities for expansion and growth with the addition of Alum-a-Lift's competitive portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to Piab Group,” says Tobias Byfeldt, President Lifting Automation Division.

“Piab Group´s strong brand name, long history of innovation, and global presence will allow for Alum-a-Lift to further develop and provide a long-term home for our family business and its employees. Together, we will strengthen our leading position and continue our growth journey in the automation industry,” says Niels Bressner, Owner and Co-CEO of Alum-a-Lift.

For more information
Kajsa Blixth, Chief People & Brand Officer, Piab Group
Phone: +46 (0) 761 408699
Email: kajsa.blixth@piabgroup.com      

About Piab Group
At Piab Group, we improve our customers' productivity, sustainability, and safety through evolving industrial automation and have done so since 1951. We believe in an automated world where no resources are wasted, and no humans are injured. With annual sales of ~3 billion SEK and more than 1400 employees, Piab Group is a global organization serving customers in more than 100 countries from a vast network of subsidiaries and channel partners. Since 2018, Piab Group has been owned by Patricia Industries, part of Investor AB. For more information: https://www.piabgroup.com

About Alum-a-Lift
Founded in Winston, Georgia, in 1989, Alum-a-Lift develops and produces ergonomic lifting equipment for use in a wide range of industries, including semiconductors, aerospace, and logistics. Alum-a-Lift’s solutions help manufacturers meet their material handling needs safely and efficiently, from single custom units to multiple devices to entire lifting systems. For more information: https://alum-a-lift.com