# Piab Group acquires TAWI Group

Piab Group has entered into an agreement to acquire TAWI Group, a manufacturer of smart lifting solutions. TAWI's 2019 sales are expected to reach 340 million SEK.

- Type: Acquisition
- Announced: 2019-12-19
- Where: Sweden
- Value: $36.0M
- Status: announced
- Products: smart lifting solutions, semi-automated lifting products
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Piab](https://endata.com/companies/3218.md) (acquirer)
- [TAWI Group](https://endata.com/companies/44028.md) (target)

## Sources

- [investorab.com](https://www.investorab.com/investors-media/press-releases/piab-group-acquires-tawi-group), 2019-12-19: "Piab Group has entered into an agreement to acquire TAWI Group, a leading manufacturer of smart lifting solutions with global reach."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2020/01/02/piab-group-claims-to-be-global-leader-in-ergonomic-handling-solutions-after-tawi-acquisition/28083/), 2020-01-02: "TAWI has a perfect strategic fit to our business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.