Investor-backed Piab completed the acquisition of COVAL.

Investor-backed Piab, an evolving automation through progressive gripping, lifting, and moving solutions company, completed the acquisition of COVAL, a company that designs, manufactures, and markets components and systems for vacuum handling for the main industrial sectors: packaging, automotive, plastics, and aeronautics. Financial terms were not disclosed. "We are very much looking forward to bringing the COVAL team into the Piab family and we see a great culture fit routed in a strong passion for the future of robotics and automation. With this strategic move, we are confident in our ability to provide our customers with cutting-edge automation solutions, while strengthening our competitive advantage in the market," Peter Laurin, Piab CEO.