Piab’s journey started in 1951 with a strong fascination for the mathematical constant pi (≈3.14). Founder Sven Tell’s mathematical interest prompted the development of his unique drawing compass. His fascination with pi also inspired the company name where Pi is the mathematical constant and AB is the Swedish abbreviation for Incorporated. Since 2020, TAWI is a brand by Piab Group.
Piab Group has entered into an agreement to acquire TAWI Group, a leading manufacturer of smart lifting solutions with global reach. Total sales for TAWI is expected to reach 340 MSEK in 2019. With more than 30 years of history, TAWI adds a solid complementary portfolio of products, very experienced and skilled employees, a strong network of distributors as well as many new customers to Piab. Through this acquisition Piab is evolving automation by taking a world leading position in semi-automated lifting products.
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New mobile lifter for efficient warehouse order picking.
