Picanol N.v.

Picanol NV develops, produces, sells, and markets weaving machines, engineered casting solutions, and custom-made controllers worldwide. The company operates through Weaving Machines and Industries divisions. The Weaving Machines division offers high-tech weaving machines that are based on airjet or rapier technology to weaving mills; and weaving frames and reeds, training services, upgrade kits, and spare parts. It provides weaving machines through its branches, as well as through a network of agents. The Industries division offers cast iron parts to original equipment manufacturers in various market segments, such as agricultural machinery, earthmoving equipment, compressors, textile machinery, and general engineering; and acts as a supplier to various sectors, such as textile machinery, compressors, HVAC, and fleet management. It also provides a range of materials, such as titanium, inconel, cobalt-chromium, tool steel, aluminum, and others, as well as related support services, including reverse engineering and modeling, laser scanning, 3D optical measurement, and thermodynamic analysis. The company was founded in 1936 and is headquartered in Ypres, Belgium. Picanol NV is a subsidiary of OOSTROTEX NV.