# Tessenderlo acquires Picanol Group

Tessenderlo acquired Picanol Group, a developer and manufacturer of weaving machines, engineered casting solutions, and customized controllers, in March 2023. The terms of the transaction were not disclosed.

- Type: Acquisition
- Announced: 2023-03-10
- Where: Belgium
- Status: completed
- Products: weaving machines, engineered casting solutions, customized controllers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Picanol](https://endata.com/companies/16391.md) (target)
- [Tessenderlo Group](https://endata.com/companies/44581.md) (acquirer)

## Sources

- [cbinsights.com](https://www.cbinsights.com/company/picanol-group), 2023-03-10: "In March 2023, Picanol Group was acquired by Tessenderlo."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.