The metal fabrication industry in Benelux plays a vital role in the regional economy, providing essential components for various sectors including automotive, aerospace, and construction. Companies in this field range from family-owned shops focusing on custom jobs to large manufacturing firms producing high-volume components. These businesses offer services such as metal forming, welding, and machining, with a growing emphasis on sustainability and advanced technology integration. Current trends highlight a shift towards automation and smarter manufacturing processes, as companies strive to enhance efficiency and reduce environmental impact, making this industry ripe for continued innovation and investment.


The investor landscape in Benelux features a mix of private equity, venture capital, and corporate investors, headquartered primarily in Luxembourg, Amsterdam, and areas in Belgium. Firms range in size from small ventures to large fund managers, with various years of establishment reflecting an evolution in investment focus. Notably, 2024 saw significant deal counts, highlighting the strong interest in metal fabrication. The presence of established players such as Mutares Benelux and Astorg showcases a robust commitment to fostering growth in this dynamic industry.


Top 15 Metal Fabrication Investors in Benelux


1. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, was founded in 2021 and specializes in acquiring and managing companies in transition. The firm provides operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant strides in the metal fabrication industry through several key acquisitions. In October 2021, they acquired Rasche Umformtechnik GmbH & Co. KG, a company generating approximately EUR 30 million in revenues, which focuses on metal forming. In 2024, they further expanded their portfolio by acquiring Buderus Edelstahl, a well-known producer of high-quality steel products. Additionally, their acquisition of Special Melted Products, which operates in the metal processing sector, highlights their strategic focus on enhancing engineering and technology capabilities. These transactions reflect Mutares' commitment to investing in and supporting the growth of companies within the metal fabrication industry.


2. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg, specializing in private equity and credit investments in European mid-market businesses. The firm focuses on sectors such as Business Services, Industrial Tech, and Healthcare, providing operational expertise and capital to help companies unlock their full potential. Triton partners with management teams to address challenges and drive growth. Notably, Triton has made significant investments in the metal fabrication industry, including the acquisition of BFC Fahrzeugteile, a leading supplier of metal-based clamping profiles for the automotive sector, and Ovako, a company involved in the steel industry. These transactions highlight Triton's commitment to investing in companies that play a crucial role in metal fabrication and related sectors.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services aimed at supporting sustainable projects across various sectors. In 2024, the EIB was involved in several significant transactions within the metal fabrication industry, including a debt financing of $105,056,252 for Marcegaglia, a prominent player in the steel and metal processing sector. Additionally, the EIB supported Umicore, a global materials technology and recycling group, with substantial post-IPO debt financing totaling $377,140,948 in February 2024 and $141,743,766 in June 2020. Furthermore, the EIB financed Sibanye-Stillwater, a major mining and metals company, with $555,792,694 in post-IPO debt in August 2024. These transactions highlight the EIB's active role in financing initiatives that promote growth and job creation in the metal fabrication industry.


4. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm founded in 1998, based in Luxembourg, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. Notably, Astorg has made significant investments in the metal fabrication sector, including the acquisition of Lebronze Alloys, a company involved in the production of alloys, and Metalor Technologies International SA, a key player in the metal industry. Additionally, they have acquired Corialis, a manufacturer of aluminum systems, further demonstrating their commitment to the metal sector. These transactions highlight Astorg's strategic focus on enhancing their portfolio in the metal fabrication industry.


5. Finindus

  • Website: finindus.be
  • Type: Venture Capital
  • Headquarters: Zelzate, Flanders, Belgium
  • Founded year: 1926
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: finindus

Finindus is a venture capital firm based in Zelzate, Flanders, Belgium, founded in 1926. The firm specializes in providing early-stage and growth financing to innovative technology companies, particularly in the fields of materials, sustainable manufacturing, and Industry 4.0. They focus on maximizing long-term value creation through proactive and pragmatic assistance to their portfolio companies. Notably, Finindus has invested in Fortius Metals, which raised $2 million in a seed round in October 2024, indicating their commitment to the metal sector. Additionally, they have supported Borit NV in a significant equity fundraising round, which is relevant to manufacturing processes. These transactions highlight Finindus's active role in the metal fabrication industry, reinforcing their position as a relevant investor in this space.


6. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. It specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has a diverse portfolio, with notable acquisitions such as Infastech and Delachaux, both of which are involved in manufacturing and industrial processes. Infastech, acquired in 2010, is known for its fasteners and components, which are integral to various manufacturing applications, including metal fabrication. Delachaux, acquired in 2011, operates in sectors that may intersect with metal fabrication through its production of industrial components. Additionally, CVC's acquisition of Paroc Group, a leading producer of stone wool insulation, indicates their interest in companies that support industrial applications. Their investment in Hempel, a coatings provider, further demonstrates their engagement in sectors that often require metal fabrication processes. Overall, CVC's strategic investments reflect a commitment to delivering sustainable value and growth across various industrial sectors, including those related to metal fabrication.


7. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the metal fabrication context, including a majority stake in Arplas Systems, a provider of resistance projection welding solutions, which raised €10M in equity funding to expand its market presence. Additionally, they acquired Witec, a Netherlands-based contract design manufacturer of high-tech precision parts and systems, further emphasizing their commitment to sectors that intersect with metal fabrication. Other relevant acquisitions include Alro group and VCST Industrial Products, which also contribute to their portfolio in industries related to metal fabrication.


8. ArcelorMittal


ArcelorMittal is a corporate investor based in Luxembourg, founded in 2006. It is one of the world's leading steel and mining companies, specializing in the production of a wide range of steel products and providing mining services. The company is known for its commitment to sustainability and innovation in steel technology, serving various industries such as construction and automotive. While there are no specific transactions listed for 2024, ArcelorMittal's core operations in steel production position it as a significant player in the metal fabrication sector, as steel is a primary material used in metal fabrication processes.


9. Gilde Buy Out Partners


Gilde Buy Out Partners is a private equity firm based in Utrecht, Netherlands, founded in 1982. The firm specializes in investment management and business transformation services, focusing on providing growth solutions to mid-market businesses across Europe. Gilde has been actively involved in the metal fabrication sector, with notable acquisitions including Elcee Group, a company engaged in metal processing, and Kinkelder, a leading manufacturer of industrial circular saw blades. Additionally, their acquisition of Veco Precision, which produces micro-precision metal components, further highlights their commitment to investing in the metal fabrication industry. Through these strategic investments, Gilde aims to enhance operations and market presence for the companies within their portfolio.


10. ArcelorMittal Luxembourg


ArcelorMittal Luxembourg is a corporate investor and a leading steel manufacturer founded in 1911, based in Luxembourg. The company produces a wide range of steel products primarily for construction and infrastructure projects, emphasizing sustainability and low emissions. ArcelorMittal operates multiple production sites and is committed to responsible steel production. Notably, the company has made several strategic acquisitions to bolster its position in the metal fabrication industry, including the acquisition of Architectural Steel Ltd, which enhances its metal building envelope offerings in the UK market. Additionally, ArcelorMittal has acquired Condesa Tubos, a leading manufacturer of welded steel tubes, and has expanded its recycling capabilities through acquisitions like Bakermet and Legault Métal, which focus on scrap metal recycling. These transactions reflect ArcelorMittal's commitment to innovation and quality in the metal fabrication sector.


11. AkzoNobel

  • Website: akzonobel.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1792
  • Headcount: 10001+
  • LinkedIn: akzonobel

AkzoNobel N.V. is a leading manufacturer of paints and coatings, providing innovative and sustainable solutions for both industrial and consumer markets. Founded in 1792 and headquartered in Amsterdam, Netherlands, the company operates in over 150 countries, delivering high-quality products that enhance and protect surfaces. AkzoNobel serves a diverse customer base, including businesses in construction and automotive industries. Notably, AkzoNobel has made strategic acquisitions that highlight its interest in the metal fabrication sector, such as the acquisition of the alloy wheel liquid coatings business of Lankwitzer Lackfabrik GmbH in July 2022, which aims to enhance its coatings portfolio for wheel manufacturers. Additionally, their acquisition of VPowdertech in 2017 and Flexcrete Technologies further demonstrates their commitment to expanding their capabilities in specialized coatings, which are essential in various metal fabrication applications.


12. Syensqo Ventures

  • Website: solvay-ventures.com
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn:

Syensqo Ventures is a corporate investor based in Brussels, Belgium, founded in 2016. The firm specializes in advanced materials and solutions across various industries, including aerospace, automotive, and healthcare. With a strong emphasis on research and development, Syensqo Ventures aims to meet the evolving demands of its diverse market. Notably, Syensqo has participated in several significant transactions that align with the metal fabrication sector. For instance, in October 2022, Syensqo Ventures invested in Plyable, a company focused on composite tooling solutions, which are crucial in modern manufacturing processes. Additionally, in February 2022, Syensqo was part of a funding round for 9T Labs, a startup that leverages 3D printing technology for advanced composite manufacturing. These investments highlight Syensqo's engagement with innovative manufacturing technologies that could have applications in metal fabrication, making it a relevant player in this space.


13. Stellantis

  • Website: stellantis.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: stellantis-slovakia

Stellantis N.V. is a multinational automotive manufacturer based in Amsterdam, Netherlands, founded in 2014. The company produces a diverse range of vehicles, including passenger cars and light trucks, with a strong emphasis on electrification and innovative mobility solutions. Stellantis operates through a portfolio of iconic automotive brands and is committed to sustainability and technological advancement. In 2023, Stellantis made significant investments in the metal sector, including acquiring a 14.2% stake in McEwen Copper through a substantial investment in its Argentinean subsidiary, which allows Stellantis to secure rights to purchase copper, a critical material for electric vehicles. Additionally, Stellantis participated in funding rounds for companies like Niron Magnetics and Alliance Nickel, which are involved in advanced materials and nickel production, further indicating its strategic interest in securing metal resources essential for its electrification goals.


14. Aperam

  • Website: aperam.com
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2011
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: aperam

Aperam is a corporate investor based in Luxembourg, founded in 2011, with a workforce of over 10,000 employees. The company is a prominent steel manufacturer specializing in stainless steels, electrical steels, and special steels, serving critical industries such as automotive and construction. Aperam is committed to sustainability and innovation in its manufacturing processes, operating multiple production facilities across Europe and Brazil. In recent years, Aperam has been actively involved in strategic acquisitions to enhance its position in the metal fabrication sector. Notably, they proposed the acquisition of VDM Metals Holding GmbH in December 2018, which was under review by the European Commission. More recently, on October 17, 2024, Aperam acquired Universal Stainless & Alloy Products, further solidifying its footprint in the metal fabrication industry. Additionally, they participated in a venture round for mecorad in July 2023, indicating their interest in innovative ventures within the sector.


15. Materialise

  • Website: materialise.com
  • Type: Corporate
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 1990
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: materialise

Materialise NV is a 3D printing service provider based in Leuven, Belgium, founded in 1990. The company specializes in additive manufacturing and software solutions across various industries, including healthcare and aerospace. Notably, Materialise has made strategic acquisitions to bolster its capabilities in metal fabrication. In 2017, they acquired ACTech, a German company known for its expertise in complex cast metal parts, for $52.9 million, which significantly enhanced Materialise's metal manufacturing capabilities. Additionally, their investment in Essentium, a 3D printing firm, showcases their commitment to advancing technologies that intersect with metal fabrication. Overall, Materialise is focused on integrating innovative 3D printing solutions with traditional metal fabrication processes, making them a relevant player in this industry.



Metal Fabrication Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Triton PartnersLuxembourg201-50019976
European Investment Bank (EIB)Luxembourg1001-5000195899
AstorgLuxembourg51-20019988
FinindusZelzate, Flanders, Belgium1-1019266
CvcLuxembourg1001-5000200516
GimvAntwerp, Flanders, Belgium51-20019808
ArcelorMittalLuxembourg, Luxembourg, Luxembourg10001+20060
Gilde Buy Out PartnersUtrecht, Utrecht, Netherlands11-5019820
ArcelorMittal LuxembourgLuxembourg1001-500019111
AkzoNobelAmsterdam, North Holland, Netherlands10001+17920
Syensqo VenturesBrussels, Brussels, Belgium1-1020164
StellantisAmsterdam, North Holland, Netherlands10001+20147
AperamLuxembourg10001+20112
MaterialiseLeuven, Flanders, Belgium1001-500019901


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