EQT to sell global industrial automation company Piab
· EQT VII to sell global industrial automation company Piab to Patricia Industries for an enterprise value of SEK 6,950 million · During EQT’s ownership, Piab has accelerated organic growth while improving profitability through commercial excellence, geographical expansion and investments in innovation · Through a focused M&A-strategy, Piab has transformed into a global leader in gripping and moving technologies, and has increased its relevance to the customers The EQT VII fund has agreed to sell Piab Group AB to Patricia Industries for an enterprise value of SEK 6,950