Piab Group has entered into an agreement to acquire IB Verfahrens- und Anlagentechnik. IB develops and builds customer-specific, turnkey systems for filling, emptying, metering, and conveying bulk materials. IB is also a well-known partner in the additive manufacturing industry, where they provide ultra-sonic sieving and reclaim machines.
The IB product portfolio completes the Piab additive manufacturing offering and enables Piab Group to offer full powder handling solutions, particularly in the Food, Pharma, and Chemical industries. Through the acquisition, Piab Group is evolving automation by strengthening its position as a globally known automation company.
The acquisition is planned to be finalized shortly. The transaction is fully funded through internal sources. “The offering, the competence, and the know-how that IB brings is a game changer for our Vacuum Conveying division. With this addition, we will be able to serve both our existing and new customers even better and create robust growth opportunities. IB and Piab share the same company culture and values. I would like to extend a very warm welcome to all our new colleagues”, said Floris Rouw, president Vacuum Conveying Division.
“IB Verfahrens- und Anlagentechnik GmbH & Co. KG. was founded in 2006 as an Engineering Company and today has around 30 employees. Together with Piab Group — which is known as a world market leader in vacuum transport solutions — a strong team comes into being for a strong future. We are convinced that both companies will profit from this acquisition and look forward to our journey with great confidence.” Said Frank Scholz, owner, and managing director of IB Verfahrens- und Anlagentechnik GmbH & Co. KG.
Filed Under: News, Pneumatic Tips