PICANOL - A BUSINESS UNIT OF TESSENDERLO GROUP ACQUIRES THE ACTIVITIES OF OSTERWALDER AG
For more than 140 years, Osterwalder has stood for precision, innovation, and reliability in powder compacting technology. With thousands of machines delivered and an unparalleled global service network – supported by subsidiaries in the USA, China, and Japan – Osterwalder Technology AG continues as a trusted partner for our customers in the fields of hard metals, special materials and iron powder.
Osterwalder is now part of Picanol Group, a business unit of Tessenderlo Group, an entrepreneurial and future-oriented industrial group headquartered in Belgium.
In September of last year, Osterwalder began a carefully planned transition process as their respected CEO, Rolf Graf, had long intended to hand over the company at the age of 70. While this generational change was strategically prepared, the current global environment – including geopolitical tensions, a strong Swiss franc, and the general challenging economic environment – caused delays in the process but could be finalized mid 2025.
We are therefore pleased and proud to announce that we have now found a strong and committed investor who shares our values and our strategy: Tessenderlo Group, an entrepreneurial and future-oriented industrial group headquartered in Belgium.
„The acquisition of Osterwalder’s activities strengthens Picanol Group’s portfolio of high-tech machines and advanced solutions for the manufacturing industry. We are delighted to welcome the employees of Osterwalder to our group and we are ready to further develop the company together,“ explains Miguel de Potter, CFO of Tessenderlo Group.
„We are pleased and proud to be part of a group that shares our values and our strategy. This collaboration will allow us to further expand our product portfolio and strengthen our global services,“ comments Rolf Graf, Managing Director of Osterwalder..
With Tessenderlo Group as our parent company, Osterwalder is ideally positioned to expand the product portfolio, invest in new technologies, and further enhance global services. At Osterwalder, we believe in Pioneering, Partnership, and Performance. With this new chapter, we are confident that we are even better positioned to support our customers and partners for many years to come. We thank you sincerely for your trust throughout this transition – and look forward to exciting next steps together with you.
Stronger than ever. As reliable as always.
Your Osterwalder Team
About Tessenderlo Group:
Tessenderlo Group is an industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. With its headquarters in Belgium, the group is active in over 100 countries and it has a global team of more than 7,000 employees. Its belief that “Every Molecule Counts” is at the heart of the strategy of the group: Tessenderlo Group continually strives to valorize its products and processes to the maximum and to add value to everything it does. In 2024, Tessenderlo Group recorded a consolidated revenue of 2.6 billion EUR. Tessenderlo Group is listed on Euronext Brussels and is part of the Next 150 and BEL Mid indices. Financial News wires: Bloomberg:
TESB BB – Reuters: TESB.BR – Datastream: B:Tes. For more information about Tessenderlo Group, its people, its brands, and its results, please visit www.tessenderlo.com.
About Picanol Group:
Picanol Group consists of several companies active in the machines and technologies segment. Picanol designs and builds high-tech weaving machines and is a global player, exporting more than 90% of its production outside the EU. Proferro produces and machines cast iron parts for (weaving) machines, agricultural and
earth-moving machinery and compressors, among other applications. Psicontrol builds electronic controllers for applications including (weaving) machines, compressors, and heat pumps. Melotte specializes in 3D metal printing and high-precision finishing.
JA