Piab Group acquires IB Verfahrens- und Anlagentechnik GmbH & Co KG
April 4, 2023
Piab Group, Stockholm, Sweden, has entered into an agreement to acquire IB Verfahrens- und Anlagentechnik GmbH & Co KG, Lage, Germany. IB provides ultra-sonic sieving and reclaim machines to the Additive Manufacturing industry, and the company’s product portfolio is intended to enable Piab to offer full powder handling solutions.
“The offering, the competence, and the know-how that IB brings, is a game changer for our Vacuum Conveying division,” stated Floris Rouw, president, Vacuum Conveying Division, Piab. “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.”
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Frank Scholz, owner, and Managing Director of IB Verfahrens- und Anlagentechnik GmbH & Co KG, added, “IB Verfahrens- und Anlagentechnik GmbH & Co KG was founded in 2006 as an Engineering Company and today has around thirty employees. Together with Piab Group – who 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.”
The acquisition is planned to be finalised shortly and is fully funded through internal sources.