EQT Partners – Sale of Piab

Global private equity firm, EQT, has agreed to sell Piab to trade buyer Patricia Industries for $801m. From 2015 – March 2018, Piab’s revenues increased from SEK700m to SEK1,200m and EBITDA increased about SEK200m to SEK350m. Based in Sweden, Piab develops and manufactures vacuum pumps, suction cup, and vacuum accessories for automated material handling and factory automation processes.