Kenos designs and manufactures gripping systems used in various applications, such as packaging, wood, and food.
Piab and Kenos have complementary product offerings and the combination will enable accelerated growth through cross-selling. The combined company will be positioned to serve a larger target market.
Piab has global reach with 13 sales offices and more than 900 different partners well distributed both geographically and across the various industry segments. Kenos has a specialized product portfolio of high quality that is appreciated within the industry. The combined company will become a stronger partner for customers world-wide, by providing a broadened product portfolio and joint expertise on a global scale.
The transaction took place on June 29, 2016.
For more information, visit www.piab.com.