Vacuum specialist Schmalz acquires the Swedish company Binar Handling AB and its four subsidiaries in Europe and Asia, strengthening its market position in ergonomic handling technology. Binar Handling manufactures handling systems for loads weighing up to 600 kilograms.
Binar Handling with its ergonomic products like the Quick-Lift Arm is now part of the Schmalz Group.
J. Schmalz GmbH has acquired with effect from 23.03.2022, acquired Binar Handling AB together with its subsidiaries in China, Turkey, France and Germany. The development and production company, headquartered in Trollhättan, Sweden, previously belonged to Argynnis Group AB.
„Binar Handling perfectly complements the Schmalz portfolio for manual handling with its electric manipulators, crane booms and various end effectors,“ says Dr. Kurt Schmalz, managing director and shareholder of J. Schmalz GmbH. He adds, „In this way, we are significantly expanding our leading global position in ergonomic handling technology.“ Schmalz plans to maintain the Binar Handling brand and continue to grow with it in the markets. CEO is and will remain Mattias Lindh, who has been responsible for Binar Handling’s business since 2018. With the acquisition, the Schmalz Group grows to around 1,700 employees at 23 locations worldwide.
Binar Handling started in 1979 with the development and production of ergonomic lifting and handling solutions. The goal: to make lifting operations both easy and safe – in line with the motto „Beyond Gravity“. The Swedes and their international subsidiaries have succeeded in doing this in companies in the automotive industry, aerospace technology and industrial production, as well as in the food, pharmaceutical and chemical industries, among others. A special feature is the rail system on which the lifting equipment follows every movement in the X and Y directions with motor support – even over longer distances.
With the acquisition of Binar Handling AB, Schmalz will offer solutions for sensitive balancing and handling in the future, for example for applications in battery production or logistics.
The M&A process was managed exclusively by Aquin & Cie. AG, headquartered in Munich, on behalf of Binar Handling Group AB and its shareholders. Nordia Law acted as the legal advisor for the shareholders.