The industrial machinery manufacturing industry in Benelux is pivotal for Europe's manufacturing ecosystem, encompassing companies that produce an array of machinery and equipment utilized in various sectors like construction, agriculture, and energy. From sophisticated robotics to heavy-duty construction machinery, firms within this industry focus on innovation and sustainability. As technology evolves, there's a notable shift towards automation and smart manufacturing solutions. The rising emphasis on efficiency and eco-friendliness dictates the industry's direction, making it an attractive space for investment as companies prioritize modern, adaptable machinery in response to market demands.


The roster of top investors in this study showcases a mix of corporate giants and nimble venture capital firms, primarily stationed in Brussels, Amsterdam, and Luxembourg. With sizes ranging from small firms consisting of fewer than ten employees to extensive organizations with over 5,000 personnel, these investors were founded as early as 1926 and as recently as 2017. The year 2024 saw these investors collectively execute a notable number of deals, emphasizing their robust engagement in the industrial machinery manufacturing sector in Benelux.


Top 18 Industrial Machinery Manufacturing Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. It offers a range of funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in various sectors. Among its notable transactions, the EIC invested €9 million in IMSystems to commercialize the Archimedes Drive, a highly precise speed reducer technology, which is directly relevant to the industrial machinery manufacturing industry. Additionally, the EIC has been involved in several grants for companies like Lekatech and SABI AGRI, showcasing its broader commitment to supporting innovative ventures, including those in industrial applications.


2. 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 99 investments, showcasing its active role in the financial landscape. Notably, the EIB has participated in significant transactions within the industrial machinery manufacturing sector, such as providing debt financing to TRUMPF, which raised approximately $57 million, and Valmet, which secured around $184 million in post-IPO debt. Additionally, the EIB supported SKF Group with a substantial $448 million in post-IPO debt and assisted MAHLE with $301 million in post-IPO debt financing. These transactions highlight the EIB's engagement with key players in the industrial machinery manufacturing industry, reinforcing its role as a relevant investor in this field.


3. 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, specializes in acquiring and managing companies in transition across various sectors, including automotive, technology, and retail. Founded in 2021, the firm has quickly established itself with 16 investments in 2024 alone. Noteworthy transactions include the acquisition of Clecim France, a company in the engineering and technology segment, which is expected to generate synergies with Mutares' existing portfolio. They also signed an agreement to acquire a majority stake in BEW-Umformtechnik GmbH, further emphasizing their commitment to the industrial machinery sector. Other relevant acquisitions include Rasche Umformtechnik GmbH & Co. KG, which serves as an add-on investment for their portfolio, showcasing their strategy of enhancing operational capabilities within the industrial machinery manufacturing context.


4. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has made several significant acquisitions in the industrial machinery manufacturing sector, including Battenfeld-cincinnati, a manufacturer of extrusion and injection molding machinery, Dunkermotoren GmbH, known for its drive technology solutions, and Aventics GmBH, a provider of pneumatic components and systems. Their recent acquisition of MacGregor, a cargo handling specialist, further emphasizes their strategic focus on industrial technology and machinery, showcasing their commitment to enhancing operational capabilities in this sector.


5. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital development agency based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM is dedicated to supporting startups and scale-ups in the Brabant region through various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. They provide funding, expertise, and networking opportunities to facilitate success in competitive markets. Notably, BOM has been involved in several transactions relevant to the industrial machinery manufacturing sector, such as their investment in inPhocal, which raised €2M to increase production of its machines for customer manufacturing lines worldwide. Additionally, BOM's investment in AvL Motion, which is developing an autonomous selective asparagus harvesting robot, showcases their commitment to supporting innovative machinery solutions. These transactions highlight BOM's role in fostering advancements in industrial machinery.


6. 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 industrial machinery manufacturing sector, including the acquisition of VCST Industrial Products, which specializes in industrial products, and Arplas Systems, a provider of resistance projection welding solutions. Additionally, their recent acquisition of Witec, a contract design manufacturer of high-tech precision parts, and their planned acquisition of ERS Electronic, which specializes in thermal management services for semiconductor manufacturing, further highlight their active role in the industrial machinery space.


7. 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 investment 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 focuses on delivering sustainable value and growth through strategic investments. Among its notable transactions, CVC acquired Delachaux, a company involved in industrial machinery and rail infrastructure, in September 2011, and Infastech, a manufacturer of industrial fasteners, in August 2010. These acquisitions highlight CVC's active role in the industrial machinery manufacturing sector, alongside its diverse investment portfolio.


8. 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 for their portfolio companies through proactive and pragmatic assistance. Notable transactions include leading a $3.5 million Series A funding round for IMSystems, a Dutch motion control startup, which is relevant to industrial machinery. They also participated in a $2 million seed round for Fortius Metals, further emphasizing their commitment to the manufacturing sector. Additionally, their investment in Borit NV and involvement in OTIV, an AI company with applications in autonomous train operations, showcase their diverse portfolio while still maintaining a focus on technology that can enhance industrial processes.


9. 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. They provide capital, strategic guidance, and governance to management teams across various sectors, including healthcare, technology, and business services. Notably, Astorg has made significant investments in the industrial machinery manufacturing sector, including the acquisition of Megadyne, an Italian company that produces belts and pulleys for industrial applications, and AutoForm Engineering, a Swiss industrial software group. These transactions highlight Astorg's commitment to investing in companies that contribute to the industrial machinery landscape, further solidifying their role as a relevant investor in this field.


10. NPM Capital

  • Website: npm-capital.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1948
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: npm-capital

NPM Capital is a private equity investment firm based in Amsterdam, Netherlands, founded in 1948. The firm specializes in supporting medium-sized and large companies, particularly family-owned enterprises in the Benelux region. NPM Capital provides capital and strategic advisory services to help these businesses achieve growth and sustainability. They operate across various sectors, including technology, education, and notably, industrial machinery manufacturing. Among their relevant transactions, NPM Capital acquired Dieseko Group B.V. in November 2013, a company that manufactures machinery for construction and civil engineering. They have also invested in Oxbo International Corporation and Kramp Groep, which are involved in manufacturing and distribution of agricultural machinery and equipment. These investments highlight NPM Capital's active role in the industrial machinery sector, reinforcing their commitment to fostering growth in this industry.


11. 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 Buy Out Partners has a notable track record in the industrial machinery manufacturing sector, having acquired several companies such as Kinkelder, a prominent manufacturer of industrial circular saw blades, and Veco Precision, known for its micro-precision metal components. These strategic acquisitions highlight their expertise in enhancing operations and market presence within the industrial machinery domain, making them a significant player in this industry.


12. Lrm

  • Website: lrm.be
  • Type: Venture Capital
  • Headquarters: Hasselt, Flanders, Belgium
  • Founded year: 1994
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: lrmnv

LRM is an investment company based in Hasselt, Flanders, Belgium, founded in 1994. It focuses on sustainable economic growth in Limburg, Belgium, providing financing and expertise to startups, scale-ups, and mature companies to facilitate their development and innovation. LRM is also involved in real estate development and the reconversion of old mining sites, contributing to the region's economic ecosystem. Notably, LRM has made significant investments in the industrial machinery sector, including the acquisition of Ellimetal N.V., which specializes in storage silos and complex equipment for various industries. They also invested in Qviro, a B2B industrial technology review platform, further highlighting their engagement in the industrial machinery manufacturing context.


13. VDL Groep

  • Website: vdlgroep.com
  • Type: Corporate
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 1953
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: vdl-groep

VDL Groep is a prominent industrial manufacturer based in Eindhoven, Netherlands, founded in 1953. The company specializes in transportation solutions, automation systems, and food processing equipment, serving various sectors including public transport, automotive, and food processing industries. VDL Groep has a strong focus on innovation and sustainability, ensuring high-quality solutions for its customers. Notable transactions include the acquisition of Smits Spreader Systems, enhancing its agricultural machinery offerings, and the majority stake in Olocco, a manufacturer of rotary and industrial diverting valves, which strengthens its position in the Foodtech sector. Additionally, the acquisition of Rena Electronica, specializing in electronics for industrial applications, further showcases VDL Groep's commitment to enhancing its industrial machinery capabilities. The acquisition of Siemens Hengelo's operations also highlights VDL's strategic growth in technology and development, marking its 100th operating company.


14. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, North Holland, Netherlands, founded in 2017. The firm specializes in deep tech investments, providing capital and support to startups across various sectors, including industrial tech, med tech, and food & agri tech. Their mission is to catalyze growth in technology companies that can transform industries, addressing the funding challenges faced by these businesses. Notably, Innovation Industries has invested in Nearfield Instruments, a Dutch semiconductor metrology equipment company, participating in multiple funding rounds including a significant €7M investment in a Series B round. This involvement highlights their commitment to supporting companies that contribute to the industrial machinery manufacturing sector, making them a relevant player in this space.


15. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity based in Brussels, Belgium, that acts as an investment company for the Flemish government. Founded in 2001, PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. Notably, PMV has also invested in the industrial machinery manufacturing sector. For example, they acquired RapidFit NV in 2013, which is involved in manufacturing solutions. In 2021, PMV participated in a funding round for ValCUN, a company developing a novel metal additive manufacturing process aimed at making metal AM economically competitive across all manufacturing sectors. Additionally, PMV was part of the investment in Oqton, Inc., a software company specializing in AI-powered solutions for the manufacturing industry, which raised over $40 million in Series A financing. These transactions highlight PMV's active role in supporting innovation and growth within the industrial machinery manufacturing context.


16. dsm-firmenich

  • Website: dsm-firmenich.com
  • Type: Venture Capital
  • Headquarters: Maastricht, Limburg, Netherlands
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: dsmfirmenich

dsm-firmenich is a for-profit company based in Maastricht, Limburg, Netherlands, operating primarily in the nutrition, health, and beauty sectors. The company offers a diverse range of products, including fragrances, nutritional supplements, and active pharmaceutical ingredients, serving various industries with innovative solutions aimed at enhancing product offerings and addressing sustainability challenges. Notably, dsm-firmenich has made significant investments in the industrial machinery manufacturing context, particularly in additive manufacturing technologies. They participated in a Series B funding round for Additive Manufacturing Technologies, raising over $15 million to support the development of post-processing hardware and a fully integrated Digital Manufacturing System. Additionally, they have invested in Inkbit, a company focused on 3D printing technology, which further underscores their engagement in the industrial machinery sector. These transactions highlight dsm-firmenich's commitment to advancing manufacturing technologies, aligning them with the interests of industrial machinery manufacturing investors.


17. H2 Equity Partners

  • Website: h2ep.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1991
  • Headcount: 11-50
  • LinkedIn: h2-equity-partners

H2 Equity Partners is a private equity investment firm based in Amsterdam, North Holland, Netherlands, founded in 1991. The firm specializes in private equity investments in mid-sized companies across various sectors, providing hands-on support and consulting services to help management teams achieve growth and operational improvements. Notable transactions include the acquisition of Contiweb, a company previously a subsidiary of Goss International, which operates in the printing and packaging machinery sector. They also acquired the William Hackett Group, which, while not strictly industrial machinery, operates in related fields. Other acquisitions include TB&C Outsert Center and ISERO, further showcasing their involvement in sectors that intersect with industrial machinery manufacturing.


18. Active Capital Company B.V.


Active Capital Company B.V. is a private equity firm based in Amsterdam, Netherlands, founded in 2005. The firm specializes in providing investment management and advisory services to small- and medium-sized enterprises in the Netherlands and Germany, focusing on geographic expansion, innovation, and sustainability initiatives. Active Capital takes an active role in transforming and enhancing the operational capabilities of its portfolio companies. Notably, they acquired Werner Lieb GmbH & Co KG, a German mechanical engineering company that specializes in automation solutions for the semiconductor industry, on May 20, 2022. This acquisition highlights their commitment to the industrial machinery sector. Other transactions include the acquisition of Food Technology Noord-Oost Nederland, Amphitec, and Hendrik Veder Group, showcasing their diverse investment portfolio, although these companies are less directly related to industrial machinery.



Industrial Machinery Manufacturing Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Triton PartnersLuxembourg201-50019976
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
GimvAntwerp, Flanders, Belgium51-20019808
CvcLuxembourg1001-5000200516
FinindusZelzate, Flanders, Belgium1-1019266
AstorgLuxembourg51-20019988
NPM CapitalAmsterdam, North Holland, Netherlands11-5019481
Gilde Buy Out PartnersUtrecht, Utrecht, Netherlands11-5019820
LrmHasselt, Flanders, Belgium51-20019941
VDL GroepEindhoven, North Brabant, Netherlands10001+19531
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
PmvBrussels, Brussels, Belgium51-200200111
dsm-firmenichMaastricht, Limburg, Netherlands10001+3
H2 Equity PartnersAmsterdam, North Holland, Netherlands11-5019910
Active Capital Company B.V.Amsterdam, North Holland, Netherlands11-5020050


Want to find more investors focusing on the industrial machinery manufacturing industry?

If you want to find more investors that are active in the industrial machinery manufacturingindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!