Piab AB Overview
Pro stress-test →Piab delivers efficient vacuum automation solutions that boost productivity and sustainability across global industries. The company is a world-leading industrial tech company with a clear purpose: to evolve industrial automation for a safer, more efficient, and more sustainable world. Piab's business is organized into four specialized divisions: Vacuum Automation, Lifting Automation, Vacuum Conveying, and its dedicated China Division.
Strategic Profile
Pro stress-test →Piab invented COAX® technology, a system that is extremely reliable and can provide three times more vacuum flow than conventional vacuum systems, allowing increased cycle speed and reduced energy consumption. Piab is fully owned by Patricia Industries, part of Investor AB. The company operates with over 1,200 employees, more than 25 international sales offices, and a presence in 100+ countries.
Competitive Landscape
Pro stress-test →Piab's Vacuum Automation Division operates as a global provider of superior vacuum technology to increase productivity, safety, and efficiency in all industrial sectors. The company competes with established industrial automation suppliers in vacuum-based material handling and robotic gripping across diverse verticals. Differentiation centers on COAX® proprietary technology, modular component architecture, and vertical integration across multiple automation divisions.
Industry Context
Piab AB operates in Industrial Automation & Vacuum Technology.
Key facts
Founded: 1951 · Headquarters: Danderyd, Sweden · Employees: 1,200+ · Revenue: $272.7M