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Piab acquires Kenos and grips new market

11 July 2016

Acquisition enables Piab to enter the large-area vacuum gripper market at full speed. A strategic step towards building the global leader in industrial automation components. 

Piab has acquired Italian-based Kenos, a leading company in the market of large area vacuum grippers. Kenos designs and manufactures gripping systems used in various applications such as food and packaging etc., Piab and Kenos have complementary product lines and the combination will enable accelerated growth through cross-selling. Both companies are recognised for a leading technology platform and are well known for innovation, strong brands and high quality products. 

The combined company will be even better positioned to serve a larger target market. Piab has a global reach with 13 sales offices and more than 900 different partners distributed both geographically and across the various industry segments. Kenos has a specialised product portfolio of high quality products which are highly appreciated within the industries that they serve. 

The combined company will become a stronger partner for customers world-wide, by providing a broadened product portfolio and joint expertise on a global scale. 

Anders Lindqvist is the CEO of Piab Group “Given Piab’s long history of innovation in vacuum technology and our global market access, combined with Kenos’s innovative range of large area vacuum grippers, we are very excited about the growth prospects and strength of the combined company.”

In reply, Paolo Valentini, the CEO of Kenos said:  “We are very happy with Piab as our new owner and firmly believe, that, given Piab’s heritage of technology leadership and outstanding global reach, that the new organization will be able to bring forward the Kenos’ product portfolio very fast on a global level. We strongly believe that our existing and new customers will see great benefit from the joining of these two companies and look forward to continuing to work with the combined group.

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