E-Capital III has committed its fourth investment by participating in a leveraged buyout of Techno Metal Industrie SPRL and Chaudronneries & Tuyauteries Industrielles SPRL.
These companies are active in three segments of the metal treatment: for TMI, assembly, transport and installation of metal frameworks and ironworks and for CTI, industrial pipings. The plants are located in the neighborhood of Namur.
The founders of TMI and CTI have designed the industrial processes in such a way that it does not require extensive capex since a series of jobs has been subcontracted (metal cutting, galvanization, paint and transport as well as stability studies). However TMI runs in-house a design office for the feasibility and drawing studies.
