Picanol Weaving Machines

Picanol Weaving Machines is the world's leading weaving machine manufacturer with a rich history dating back to 1936. Based in Belgium, Picanol has been a pioneer in the global textile industry for over eighty years. The company specializes in developing, manufacturing, and selling high-tech weaving machines utilizing airjet and rapier technology. Additionally, Picanol provides upgrade kits, spare parts, training, troubleshooting services, and digital solutions for its weaving machines through PicConnect. As part of the Picanol Group, which is a business unit of Tessenderlo Group (Euronext: TESB), the company boasts a global workforce of more than 1,200 employees. Although details of the last investment and investing parties are not available at the moment, Picanol's longstanding presence and expertise in the textile industry make it a compelling potential investment opportunity. With its commitment to innovation and technological advancement, Picanol is well-positioned to capitalize on the evolving needs of the textile market, presenting an intriguing prospect for potential venture capital investors seeking to enter the manufacturing or textile sector.