Piab completed the acquisition of Tawi from SEB Venture Capital.

Piab, which manufactures vacuum pumps, completed the acquisition of Tawi, a manufacturer of smart lifting solutions, from private equity firm SEB Venture Capital. Financial terms were not disclosed. "TAWI has a perfect strategic fit to our business. The market for smart and ergonomic lifting solutions is growing rapidly thanks to manual lifting processes being automated. We foresee very strong growth opportunities with the addition of TAWI’s competitive product portfolio and highly skilled employees, whom I would like to take the opportunity to welcome to the Piab Group," Clas Gunneberg, Piab Group CEO.