Add-on Acquisition • Machinery

Picanol Acquires Te Strake Textile BV

On September 30, 2002, Picanol acquired machinery company Te Strake Textile BV

Acquisition Context

This is Picanol’s 1st transaction in the Machinery sector.
This is Picanol’s 1st transaction in the Netherlands.

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M&A Deal Summary
Date	September 30, 2002
Target	Te Strake Textile BV
Sector	Machinery
Buyer(s)	Picanol
Deal Type	Add-on Acquisition

Target Company

Te Strake Textile BV

Deurne, Netherlands

Te Strake Textile BV provides development, production, and sale of weaving machines and technology for the textile industry.

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Buyer Overview 1

Buyer

Picanol

Ieper, Belgium

Category	Company
Founded	1936
Sector	Machinery
Employees	6,878
Revenue	2.2B EUR (2020)

DESCRIPTION

Picanol develops, produces and markets high-tech weaving machines. Picanol was incorporated in 1936 and is based in Ieper, Belgium.

Deal Context for Buyer	#
Overall	1 of 3
Sector: Machinery	1 of 1
Type: Add-on Acquisition	1 of 2
Country: Netherlands	1 of 1
Year: 2002	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2002-11-28	Etablissements Lhenry SAS Saint-Romain-la-Motte, France Etablissements Lhenry SAS is a reed manufacturer company.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2002-11-28

Etablissements Lhenry SAS

Saint-Romain-la-Motte, France

Etablissements Lhenry SAS is a reed manufacturer company.

Buy

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