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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.
Vacuum specialist Schmalz has acquired Swedish handling technology company Binar Handling AB and its four subsidiaries in Europe and Asia, strengthening its position in ergonomic handling technology.
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.