The company is based in Ypres (Belgium), with production plants in Asia and Europe.
Picanol Group has been listed on Euronext Brussels since 1966 (ticker: PIC).
The company was founded in 1936 by the Belgian industrialist Charles Steverlynck as Weefautomaten Picañol NV.
In 1989 the foundry division was split off from the other activities and made into a separate company, Proferro NV.
In 2007, the company launched the new OptiMax-i and GT-Max rapier weaving machines and 2 years later, CEO Luc Tack made his entry.