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- Piab Group acquires FeiYun
Piab Group acquires Tianjin FeiYun Powder Equipment Co., Ltd
Piab Group has acquired Tianjin FeiYun Powder Equipment Co., Ltd (“FeiYun”), a leading Chinese provider of vacuum conveyors and complementary equipment, headquartered in Tianjin, China. FeiYun adds a portfolio of conveyors and complementary equipment for applications within the additive manufacturing, battery, chemical, food & beverage, and pharma industries, highly experienced and skilled employees, a strong brand with high-quality standards, and many new customers to Piab Group. For the 12 months ending December 2023, FeiYun’s revenues amounted to approximately SEK 250 million with 135 employees. Through the acquisition, Piab Group is strengthening its position in China as a global industrial automation company.
"I am thrilled to welcome the FeiYun team to the Piab Group family. FeiYun's talent, technology, and market presence in China, including the battery industry, are impressive. This acquisition aligns well with our culture and strategy, enhancing our global vacuum conveying products and solutions. It marks a pivotal step in expanding our capabilities and accelerating growth," says Peter Laurin, CEO of Piab Group.
“FeiYun has an excellent strategic fit for Piab China. The market for industrial automation is growing rapidly and we anticipate significant opportunities for expansion and growth with the addition of FeiYun´s competitive portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to Piab China, with a multi-brand strategy we will drive growth in the Chinese market on both products and system project business model,” says Allen Xu, President China Division.
“Piab Group's strong brand, long history of innovation, and global presence will enable FeiYun to further develop our business and employees both in China and international markets. Our complementary businesses will enable us to accelerate our growth journey in the automation industry,” says ShenMin Qian, Owner, and General Manager of FeiYun.
For more information
Allen Xu, President of Piab China Division
Phone: +86 135 0190 9512
Email: allen.xu@piabgroup.com
Kajsa Blixth, Chief Communication, Brand & Sustainability 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 1200 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: www.piabgroup.com
About Tianjin FeiYun Powder Equipment Co., Ltd
Founded in Tianjin, China, in 1998, FeiYun provides vacuum conveyors for transporting bulk materials such as powders and granulates, as well as complementary products such as products for weighing material. The company sells its products and solutions to a wide range of industries including additive manufacturing, battery, chemical, food & beverage and pharma. For more information: en.tjfeiyun.com