Aquin Advises:
On The Sale To:
Key Terms
| > | Effective March 23, 2022, J. Schmalz GmbH (“Schmalz”), acquires the majority of Binar Handling Group AB (“Binar Handling”), a leading producer of ergonomic lifting and handling solutions. |
| > | Argynnis Group AB, a Swedish industry holding company for technology niche companies, withdraws from its main shareholder position at Binar Handling. The management of Binar Handling will stay on board. |
| > | Aquin acted as the exclusive M&A advisor to Argynnis. |
Strategic Logic
| > | As the global market for ergonomic handling solutions continues to grow due to the increased need for greater workplace safety and efficiency, Argynnis succeeded in finding a suitable strategic partner for Binar Handling in Schmalz. Binar Handling is pursuing future attractive growth options such as further international and product line expansion and sustainable strengthening of its strategic market position. |
| > | Binar Handling complements the Schmalz portfolio for manual and material handling with its electric manipulators, crane booms and various end effectors and offers substantial technological know-how through its highly sophisticated ergonomic lifting solutions and software. |
Binar Handling Group AB
| > | Binar Handling, headquartered in Sweden (Trollhättan) with additional sites in France, Germany, Turkey and China, has been developing ergonomic handling systems and electrical manipulators for various industries including industrial production, automotive and construction since 1979. |
| > | Its goal is to offer assisting premium tools to keep workers healthy and ensure efficient handling processes with the motto “Beyond Gravity”. |
| > | Binar Handling produces manipulators (25kg to 600kg), and below the hook equipment, including balancers and grippers (“end effectors”) with intelligent sensors and software that balance the load automatically. |
J. Schmalz GmbH
| > | Schmalz, founded in 1910 and a third-generation family-run business, is one of the market leaders in automation offering vacuum and ergonomic handling systems, used in logistics applications as well as the automotive, electronics and furniture production sectors. |
| > | With the acquisition of Binar Handling, Schmalz now generates more than €150m in revenue with a total of 1700 employees at 23 locations worldwide. |