Whitestone acquires a 71% stake in TKM Industries, a profitable Belgian metal machining firm, aiming to enhance its industrial capabilities in Wallonia.
Target Company Overview
Founded in 2013 and located along the Meuse River, TKM Industries specializes in the machining of metal components. With a reported revenue of €13.5 million in 2023, TKM has established itself as a profitable small and medium-sized enterprise (SME) in Wallonia, enhancing the portfolio of its parent company, Whitestone.
TKM Industries has shown consistent growth and profitability since its inception, boasting a net profit of €1.3 million in 2023. The company provides machining services to various sectors, including aerospace, electrical, railway, and defense, known for its unique integrated approach that encompasses precision machining, sheet metal work, assembly, maintenance, and painting.
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Industry Overview in Belgium
Belgium's manufacturing sector, particularly in Wallonia, has been characterized by a rich heritage of industrial expertise, especially in metalworking and engineering. This region is home to numerous SMEs that are pivotal contributors to the local economy, demonstra
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Whitestone
invested in
TKM Industries
in 2025
in a Buyout deal
Disclosed details
Transaction Size: $5M
Revenue: $14M
Net Income: $1M