Paeonia acquires Savant Group to boost energy testing solutions
Paeonia Industries, a global leader in analytical equipment manufacturing and scientific instrumentation, has acquired U.S.-based Savant Group.
Founded in 1969 by Ted Selby, the Savant Group includes Savant Labs, Tannas Co., King Refrigeration, Institute of Materials, and the Center for Quality Assurance. These companies have built a reputation for enhancing equipment performance and energy efficiency across the automotive and global lubricant industries. Following the acquisition, the Savant Group will continue to operate from Midland, Michigan, while leveraging Paeonia Industries’ global resources and expertise.
“This acquisition is in perfect alignment with our long-term strategic vision to expand the breadth of our offerings and deliver comprehensive solutions to our clients,” said Tedd Zebrowski, regional president of North America at Paeonia Industries. “By integrating the extensive expertise, industry knowledge, and deep market access that the Savant Group has cultivated over its 55-year history, with the robust internal capabilities of Paeonia Industries, we will be well-positioned to enhance our customers’ experience. This collaborative effort will enable us to effectively address the evolving needs of our combined customer base, fostering an environment where innovation can flourish as we strive to provide market leading solutions for our customers.”
Rebecca Cox, president and CEO of the Savant Group, added, “Teaming up with Paeonia Industries will ensure continued growth and success for our businesses.”
Andy Chua, managing director at the Paeonia Group, noted, “We are confident the acquisition of the Savant Group will lay a strong foundation for the expansion of Paeonia Industries in North America.”
Paeonia Group is an international investment holding company headquartered in Singapore, established in 2021 by industrialist and entrepreneur Alice Yin Hung. The group manages wholly-owned operating businesses and multiple investment arms, with a commitment to societal impact and global philanthropic efforts.
