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

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.

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 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.

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.

Patricia Industries Acquires Advanced Instruments

September 28, 2020

Medical Devices

Patricia Industries, part of Investor AB, has completed the acquisition of US-based Advanced Instruments, a global leader in osmolality testing instrumentation and consumables, from Windjammer Capital. The deal values Advanced Instruments at an enterprise value of USD 780 million; Patricia Industries injected roughly USD 619–620 million of equity for majority ownership. Advanced Instruments (headquartered in Norwood, Massachusetts) serves clinical, biopharmaceutical and food & beverage markets and reported approximately USD 72 million in sales for the 12 months ending June 30, 2020.

Patricia Industries (Investor AB) Acquires Advanced Instruments from Windjammer Capital

September 1, 2020

Medical Devices

Patricia Industries, part of Investor AB, has signed an agreement to acquire Advanced Instruments, LLC from Windjammer Capital for an enterprise value of $780 million. Advanced Instruments, headquartered in Norwood, Massachusetts, is a manufacturer of scientific and analytical instruments serving the clinical, biotechnology and food & beverage markets; the transaction is expected to close in Q4 2020 subject to regulatory approvals.