Picanol NV engages in the development, production, and sale of weaving machines, cast iron parts, and controllers. It operates through the Weaving Machines and Industries segments. The Weaving Machines segment develops, produce, and sell weaving machines. The Industries segment involves in foundry activities, mechanical finishing, and produces cast iron parts for compressors, agricultural machinery, and others. The company was founded by Charles Steverlynck On September 22, 1936 and is headquartered in Ypres, Belgium.