Osterwalder becomes part of Tessenderlo’s Picanol Group
June 11, 2025
Osterwalder AG, headquartered in Lyss, Switzerland, has become part of the Picanol Group, a business unit of the Belgium-based Tessenderlo Group. Although financial details have not been disclosed, Osterwalder stated that preparations for the transition had begun in September 2024 but were delayed due to geopolitical tensions, a strong Swiss franc, and a generally challenging economic environment.
Osterwalder operates a production facility in Lyss and maintains sales and service organisations in the United States, China, and Japan. The company employs approximately eighty people globally and will continue to operate under its own brand name.
Going forward, the team, contacts, and service will remain unchanged. Open contracts and performance obligations are being transferred to a newly designated entity, Osterwalder Technology AG.
“The acquisition of Osterwalder’s activities strengthens Picanol Group’s portfolio of high-tech machines and advanced solutions for the manufacturing industry,” stated Miguel de Potter, CFO of Tessenderlo Group. “We are delighted to welcome the employees of Osterwalder to our group and we are ready to further develop the company together.”
The Picanol Group consists of four other companies: Picanol (weaving machines), Proferro (foundry and mechanical finishing), Psicontrol (development and production of electronics), and Melotte (Additive Manufacturing and high-precision finishing).
“We are pleased and proud to be part of a group that shares our values and our strategy,” added Rolf Graf, Managing Director of Osterwalder. “This collaboration will allow us to further expand our product portfolio and strengthen our global services.”
In a statement, Osterwalder commented, “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. With Tessenderlo Group as our parent company, we are ideally positioned to expand our product portfolio, invest in new technologies, and further enhance our global services.”
