Altor Acquires PIAB and Plans for Expansion

Altor Fund II has signed an agreement with the Tell family to acquire PIAB Invest AB. Peter Tell and Jacob Tell remain as large owners and executive management of PIAB. The new owners aim at significantly growing the company during the next coming years.PIAB is a Swedish based company and a global leader within industrial vacuum technology. Today PIAB offers vacuum products and system solutions for all types of industrial enterprises and its products are sold through a world wide network of subsidiaries and distributors. “With Altor as an owner, PIAB will have access to the capital and