Piab Group acquires COVAL
Piab Group acquired COVAL to expand its vacuum-automation component and handling-system portfolio.
Evidence notes
- COVAL joined Piab with EUR 23 million in turnover, 135 employees and commercial presence across 60 countries.
- Piab said COVAL added vacuum cups, pumps and grippers serving packaging, automotive, plastics and aerospace production.
- The transaction moved the family-owned French vacuum specialist into Piab Group and was funded through internal and external sources.
Company context
Vacuum pumps, suction cups, grippers and handling systems for industrial automation.