# Schmalz Group acquires Palamatic and Binar Handling

The vacuum equipment manufacturer Schmalz Group acquired UK-based Palamatic, a stainless steel vacuum lifter and crane specialist, and Sweden-based Binar Handling, an electric manipulator and rope balancer specialist.

- Type: Acquisition
- Announced: 2023-07-19
- Status: announced
- Products: vacuum lifters, cranes, electric manipulators, rope balancers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Schmalz Inc.](https://endata.com/companies/18988.md) (acquirer)
- [Binar Handling AB](https://endata.com/companies/61877.md) (target)
- [Palamatic Ltd.](https://endata.com/companies/64300.md) (target)

## Sources

- [pr.mono.ipros.com](https://pr.mono.ipros.com/en/schmalz/news/detail/126176/), 2023-07-19: "With this acquisition, the company aims to strengthen its 'manual handling system business,' which enables safe and efficient operations in the manual transport of heavy goods."

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