Vacuum technology provider Piab has acquired Italy-based Kenos, a manufacturer of large area vacuum grippers.
In a statement, Piab said it and Kenos have “complementary product offerings and the combination will enable accelerated growth through cross-selling.”
The terms of the deal have not been disclosed.
“Piab has global reach with 13 sales offices and more than 900 different partners well distributed both geographically and across the various industry segments,” the statement said. “Kenos has a specialized product portfolio of high quality that is highly appreciated within the industry. The combined company will become a stronger partner for customers world-wide, by providing a broadened product portfolio and joint expertise on a global scale.”
The transaction was finalized on June 29.
