Piab Acquires Kenos, Grips New Market

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 e.g. packaging, wood, food, etc. Piab and Kenos have complementary product offerings and the combination will enable accelerated growth through cross-selling.

The combined company will be even better positioned to serve a larger target market. Piab has global reach with 13 sales offices and more than 900 different partners well distributed both geographically and across the various industry segments. Kenos has a specialized, high-quality product portfolio. The combined company will become a stronger partner for customers worldwide, by providing a broadened product portfolio and joint expertise on a global scale.

“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,” said Anders Lindqvist, CEO, Piab Group.

“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, the new organization will be able to bring forward 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”, said Paolo Valentini, CEO, Kenos.

The transaction took place June 29, 2016.

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