# Schmalz Group acquires Binar Handling and Palamatic

The Schmalz Group acquired Binar Handling AB in March 2022 and Palamatic Ltd. in January 2022. Both companies develop ergonomic lifting and handling solutions, complementing Schmalz's portfolio.

- Type: Acquisition
- Announced: 2022-03-01
- Status: completed
- Products: ergonomic lifting solutions, handling systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [J. Schmalz](https://endata.com/companies/9029.md) (acquirer)
- [Binar Handling AB](https://endata.com/companies/61877.md) (target)
- [Palamatic Ltd.](https://endata.com/companies/64300.md) (target)

## Sources

- [schmalz.com](https://www.schmalz.com/en/career-company/latest/news/of-global-risks-and-realistic-growth), 2022-07-21: "Both companies develop ergonomic lifting and handling solutions. They therefore perfectly complement our portfolio of handling systems."

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