Piab Group (Patricia Industries) Acquires 80% of Tianjin FeiYun Powder Equipment

FiEE, Inc. to Acquire 51% Equity Stake in YinLian Culture (Maltose Culture)

March 27, 2026

AI & Machine Learning

FiEE, Inc. has entered into an agreement to acquire a 51% equity stake in YinLian Culture for an aggregate purchase price of $51,000. FiEE is also providing a convertible loan of approximately $2.9 million, which would increase its equity interest to 60% upon conversion at FiEE’s option, via a variable interest entity (VIE) structure that would give FiEE effective control and the economic benefits of Maltose Culture.

Duravant to Acquire Pattyn Group

February 20, 2025

Industrial Services

Duravant, an engineered equipment and automation solutions provider for the food processing and packaging/material handling sectors, entered into a definitive agreement to acquire the Pattyn Group. Pattyn is a designer and manufacturer of automation systems for B2B packaging, including bag-in-box applications, and is expected to become a distinct operating company within Duravant’s Packaging Solutions Group.

Crane Company Acquires Technifab Products for $40.5M

November 6, 2024

Manufacturing

Crane Company (NYSE:CR) completed the acquisition of Technifab Products, Inc., a Brazil, Indiana–based manufacturer of vacuum‑insulated pipe systems and cryogenic valves, for $40.5 million on a cash‑free, debt‑free basis. Technifab will join Crane's Process Flow Technologies segment, extending Crane's cryogenics capabilities into high‑growth semiconductor, medical and pharmaceutical end markets and expanding the company's geographic footprint.

Piab Group Acquires Alum-a-Lift

September 30, 2024

Manufacturing

Piab Group, the lifting and industrial automation business owned by Patricia Industries, has acquired US-based Alum-a-Lift, a designer and manufacturer of ergonomic lifting solutions. The acquisition was funded by Patricia Industries (Investor AB) to support Piab's strategic add-on program and expand its lifting automation capabilities and presence in North America.

Piab Group (Patricia Industries) Acquires Alum-a-Lift

August 28, 2024

Manufacturing

Piab Group, a portfolio company of Patricia Industries, has acquired US-based Alum-a-Lift, a maker of electronic ergonomic lifting trolleys, for a total consideration of USD 120 million (cash- and debt-free). The acquisition is a strategic add-on to Piab Group that expands its product offering, geographic reach and exposure to end markets such as semiconductors, aerospace and logistics; Alum-a-Lift generated approximately USD 26m in revenue for the 12 months to Dec 2023 and has ~80 employees.

Piab Group Acquires COVAL (Patricia Industries Funds Add-on)

March 28, 2023

Manufacturing

Piab Group has acquired COVAL, a French maker of vacuum automation components and systems, in a strategic add-on to strengthen Piab's product portfolio and geographic footprint. The acquisition was funded with EUR 20m in equity from Patricia Industries (part of Investor AB), together with cash from Piab and external debt; COVAL reported approximately EUR 23m revenue and EUR 5m adjusted EBITDA for the 12 months ending December 2022.