InterChina Partners advises Piab Group to acquire a majority stake in Tianjin Feiyun – Completing another key acquisition in the industrial automation

InterChina Partners (InterChina), one of the leading investment banking advisory firms based in China, is pleased to announce that it has advised Piab Group to acquire a majority stake in Tianjin Feiyun Powder Equipment Co., Ltd.?(Tianjin Feiyun). The transaction has been successfully completed on August 6th, 2024.

Piab Group?improves its customers' productivity, sustainability and safety through evolving industrial automation and have done so since 1951. Piab believes in an automated world where no resources are wasted, and no humans are injured. With annual sales of ~3 billion SEK and more than 1200 employees, Piab is a global organization, serving customers in more than 100 countries from a vast network of subsidiaries and channel partners.

Tianjin Feiyun, founded in Tianjin, China, in 1998, FeiYun provides vacuum conveyors for transporting bulk materials such as powders and granulates, as well as complementary products such as products for weighing material. The company sells its products and solutions to a wide range of industries including additive manufacturing, battery, chemical, food & beverage and pharma.

This acquisition adds a portfolio of conveyors and complementary equipment for applications within the additive manufacturing, battery, chemical, food & beverage, and pharma industries, highly experienced and skilled employees, a strong brand with high-quality standards, and many new customers to Piab Group.

InterChina’s deal team includes Eduardo Morcillo, Managing Partner, Delia Zhang, Partner, and Peishan Wang, Manager.

“Piab Group has been a long-term client of InterChina and we are very pleased to have advised on another of its transactions in China.” said Mr. Morcillo. “The acquisition will bring a complete localized growth platform to our client, competitive local technology with well-established sales channels and local client base. This transaction also demonstrates InterChina’s extensive experience and capability of handling many challenges involving deal structure, valuation, stakeholder and process management.”

InterChina?served as Piab Group’s advisor, and provided transaction advice, including transaction process management, deal structure, due diligence coordination, negotiation of definitive agreements, and transaction closure.