Piab Group completed the acquisition of Alum-a-Lift.

Piab Group, an industrial technology company, completed the acquisition of Alum-a-Lift, an ergonomic lifting equipment developer and producer. Financial terms were not disclosed. "I am very excited to welcome the Alum-a-Lift team to the Piab Group family. Their exceptional talent and expertise, world-leading technology, and strong global market presence deeply impressed me, particularly in the semiconductor industry and other key segments. We see a great culture and strategic fit that will strengthen our customer offering and, hence, our competitive advantage in the industrial automation market," Peter Laurin, Piab Group CEO.