Keystone Tower Systems


Website Expanite

Expanite commercialises gas phase technology for the surface hardening of stainless steel and other high performance metals, while maximizing corrosion resistance.

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8 January 2021

Expanite continues the development within surface hardening of titanium – by adding a new test furnace!

“Improving our solutions is an ongoing process, we will never stop…” says Expanite’s CEO Thomas Abel Sandholdt when he refers to the latest investment that Expanite has made within surface hardening of titanium. The future in Expanite’s titanium solutions Expanite recently added a new furnace to the treatment centre in Denmark, with the purpose of improving the surface appearance of parts which have been hardened. Together…

8 September 2020

Major automotive, pumps and food processing equipment makers can’t be wrong in choosing an alternative for hard chrome plating!

With more than 20% of the turnover coming from hard chrome replacement projects, Expanite, the Danish pioneer within surface hardening of stainless steel, is on its way to position itself as one of the most used alternatives for hard chrome plating. Finding a replacement for hard chrome plating can be challenging, and with EU regulations lowering the limit value for hexavalent chromium, across the industrial markets, need to find alternatives. Hard…

30 April 2020

Expanite supporting RennTeam Uni Stuttgart

Expanite, the surface hardening specialist, has consulted and advised the students at the RennTeam Uni Stuttgart in identifying and solving some of their challenges with wear on the titanium parts in their racing car. The Rennteam Uni Stuttgart takes part in the Formula Student racing series, a competition for young engineers across Europe, as well as being involved in other international competitions. Formula Student is an international design competition…


Website IMSystems

IMSystems is a 2016 spin-out of the Delft University of Technology and is based in Delft, The Netherlands. The Company develops, produces and markets the patented Archimedes Drive, a new standard in high-performance gearbox technology. Instead of inherently imprecise gear teeth, the Archimedes Drive uses tractive contact to transmit torque, resulting in a more efficient and precise movement. With a product that is more accurate, robust, efficient, and scalable than existing technologies, the Archimedes DriveTM will cause a revolution in the robotics industry.

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12 August 2021

Delft robotics technology company IMSystems raises 3 million euro and announces global manufacturing partnership.

Delft, 11th of August 2021 – IMSystems has raised a 3-million-euro Series A investment from Finindus, Linamar and InnovationQuarter. The Series A round supports the commercial launch of IMSystems’ revolutionary transmission technology, the Archimedes Drive™. In addition, it enables the company to scale up for mass production via a long-term manufacturing partnership with Linamar, one of the world's largest independent gear manufacturers.…

Keystone Tower Systems

Website Keystone Tower Systems

Keystone Tower Systems has developed and patented a highly efficient technology to produce wind turbine towers using spiral welding.

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7 June 2021

Keystone Tower Systems’ spiral steel wind towers coming to market

Three industry leaders join to scale onshore and offshore applications and open new regions for economical wind power   Keystone Tower Systems is teaming up with energy and manufacturing sector leaders Steve Lockard, Larry Oglesby, and Peter Bierden to expand its patented spiral-welded steel towers across the wind power industry.   Keystone’s tapered spiral-welded technology significantly drops the cost and time to build both onshore…

7 February 2020

Keystone Tower Systems Builds State-of-the-Art Wind Turbine Tower Manufacturing Facility in the US

Denver, CO, USA -  February 6, 2020 – Keystone Tower Systems, Inc. has started construction on its first full industrial-scale tower manufacturing plant in the U.S. The facility will have the capacity to produce towers for wind turbines representing over 1 gigawatt of energy production per year. The facility utilizes Keystone’s proprietary spiral welding process, enabling fully automated tower manufacturing at ten times the speed…

30 October 2017

Keystone Tower Systems Attracts Growth Capital to Support its International Expansion

Westminster, CO, USA - 30 October 2017 – Keystone Tower Systems Inc, a Colorado based technology company, has secured significant growth capital to further support the global roll out of its advanced wind turbine tower manufacturing technology. Keystone Tower Systems has developed and patented an innovative process for spiral welding conical steel structures, enabling greater production efficiencies. The company is tailoring its spiral welding…


Website Rein4ced

Rein4ced produces carbon and steelfibre reinforced composites, initially targetted at high end bike frame applications.

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9 April 2021


REIN4CED successfully closes € 7.0 million Series B capital increase to support its growth as European OEM composite manufacturer. Capricorn Partners leads the financing round.   LEUVEN, Belgium, April 6, 2021 — REIN4CED NV, a Belgian manufacturer of advanced composite bicycle frames has successfully completed its series B capital increase of € 7.0 million led by Capricorn Partners. The investment was carried by the Capricorn…

17 January 2020

Accell Group shifts to automated production of carbon fiber bicycle frames in Belgium

 January 16, 2020 PRESS RELEASE - Collaboration with Leuven based innovator REIN4CED January 16th 2020 – Today Accell Group and REIN4CED announced their collaboration on the automated production of high-end carbon fiber bicycle frames for Accell. Mid 2020 the first hardtail mountain bikes with the new technology for Accell’s brand Ghost will be available in Germany, Spain, Austria, Switzerland, Italy and Czech. REIN4CED…

18 July 2019

The consequences of stiff bicycle frames

Bicycle frames should be light and stiff. The past several years, technologies have developed further and further such that these frames become continuously lighter and stiffer. Some wonderful developments for (professional) cyclists, until they have an ugly fall. The limits of carbon The weight of bicycle frames has steadily gone downwards over the past years. The bicycle with which Eddy Merckx won the Tour fifty years ago is nothing in comparison…


Website Sentea

SENTEA (BE,2018) develops interrogators for fibre optic sensors (a.o. fibre bragg grating sensors). By integrating the optical parts directly on a chip and using existing fabs, the interrogator can be made more robust and more reliable, and be offered at a substantially lower cost. SENTEA enables condition monitoring to become the standard.

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7 October 2021

Sentea raises 2.3 million Euros to support the growth of its fiber optic sensing business

Ghent (Belgium) – October 7th, 2021 – Sentea, a leading supplier of read-out systems for fiber optic sensor, today announced to have successfully raised 2.3 million Euros to further expand its business. The investment round is supported by its current investors Finindus, PMV, QBIC II and Fidimec. Sentea’s photonic integrated technology enables large-scale deployment of fiber optic sensing for a wide array of monitoring applications,…

10 September 2018

Finindus invests in Sentea, a fiber optic sensing spin-off launched by UGent and imec

Silicon photonics based fiber optic sensing allows for highly accurate, small, robust and cost-efficient structural health monitoring and process control Ghent (Belgium) - September 10, 2018 – Ghent University (UGent) and imec today announced the incorporation of Sentea, a spin-off from their world leading Photonics Research Group. An initial 1.6 million Euro in funding was raised from Fidimec, Finindus, PMV and QBIC II and the founders.…


Website TAU ACT

Tau is a technology and sustainable manufacturing company at the core of the electrification of transport and decarbonization of energy. Its research, development, incubation and patented technologies pair environmental responsibility with superior performance and peace-of-mind operating simplicity. Tau focuses on carbon-conscious protective coatings for high-performance and standard copper, aluminium and steel wires. Tau has offices in Turin (Italy), Moscow (Russia) & Berlin (Germany).

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22 July 2021

Electrification venture Tau delivers prototype wire to the automotive industry and finalizes its €10.25m series-A round

OEM and Tier 1 to use Tau’s carbon-conscious high-performance wire in electric motor development Turin/Berlin, 22 July 2021 – Coinciding with the milestone of delivering prototype winding wire to the automotive industry, Tau concluded its financing round with additional funding from Finindus, a Belgium-based investment company financed by ArcelorMittal and the Flemish Region, and a top-up by German specialty chemicals company ALTANA.…



XenomatiX is a Leuven (Belgium) based provider of true solid state lidar sensors for advanced driver-assisted systems (ADAS), autonomous driving (AD) and road digitization. The company has developed hardware as well as software enabling high resolution real-time 4D-6D digitization, generating a rich dataset that accurately reveals people and objects’ position, size and shape, as well as their distance and motion in all weather conditions. XenomatiX combines a multi-beam laser projector concept with scalable, semiconductor based detector technology, resulting in a reliable and compact solution at a highly attractive price.

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9 November 2021

XenomatiX wins global road achievement award

Leuven, Belgium – 09.11.2021 – The International Road Federation (IRF) has awarded XenomatiX the Global Road Achievement Awards (GRAA) for its 6D road scanning and surveying solutions. ‘’This award recognizes XenomatiX for leading the way in excellence and innovation for the road and transport industry. It is an honor to be recognized by the IRF, one of the industry’s most influential organizations globally,”…

5 October 2021

ADAS and Autonomous Product 2021 – Finalist

Leuven – 05.10.21 – XenomatiX is proud to have been shortlisted for the 2021 Informa Tech Automotive Award for – ADAS & Autonomous Product/Service. All nominations are available here: https://wardsauto.informa.com/informa-tech-automotive-award. ‘’This award recognizes XenomatiX’ true-solid-state LiDAR, XenoLidar-X as one of the best lidar technology for automotive applications,” said Filip Geuens,…

30 April 2021

Finindus invests in solid state lidar company XenomatiX

Zelzate, Belgium – April 30, 2021 – XenomatiX, a Leuven (Belgium) based provider of true solid state lidars for advanced driver-assisted systems (ADAS), autonomous driving (AD) and road digitization has received additional funding from Finindus, extending its investment round of March 2021. Alain Brackenier, CFO of XenomatiX comments ‘it is a pleasure to welcome Finindus, a Flemish investor with a strong industrial DNA, to the XenomatiX…


Website Borit

Borit manufactures sheet metal products and assemblies using its proprietary hydroforming technology resulting in advanced product designs with high forming quality and precision.

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20 November 2020

Clearwater International advises the shareholders of Borit on the sale of the company to Weifu High-Technology Group

Clearwater International has advised the shareholders of Borit NV (Borit), a leading manufacturer of fuel cell metal bipolar plates, on the sale of the company to Weifu High-Technology Group (Weifu), a Chinese state-owned and stock-listed automotive components manufacturer, for an enterprise value of €42.7m. Borit’s shareholders were represented by Finindus and PMV, two Belgium-based investment companies. Borit, headquartered in Geel,…

20 November 2020


Borit NV (Borit), producent van componenten voor brandstofcellen en electrolysers, wordt verkocht aan Weifu High-Technology Group (Weifu). De Vlaamse investeringsmaatschappij PMV en Finindus, een investeringsmaatschappij van de Vlaamse overheid en ArcelorMittal, stappen met de verkoop uit het Geelse productiebedrijf.  De overname beoogt de verdere uitbreiding en internationalisatie van de technologie ontwikkeld in Geel binnen een toonaangevende…

9 February 2018

BORIT NV wins Factory of the Future Award 2018

Together with three other companies, BORIT NV was rewarded with the 'Factory of the Future Award 2018'. A Factory of the Future must invest in digitization, in smart processes and products, and in a world-class production. Over the past five years, the four new Factories of the Future have invested more than 140 millions euros in infrastructure, renewal, digitization and automation, and increased their employment by 25 procent. http://trends.knack.be/economie/bedrijven/vlaanderen-telt-vier-nieuwe-fabrieken-van-de-toekomst/article-normal-961051.html


Website Powercell

Powercell develops, manufactures and commercializes PEM fuel cells, fuel reformers and auxiliary power units for higher energy efficiency and lower harmful emissions.

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7 July 2020

Sale of shares in PowerCell Sweden AB (publ)


3 July 2020

Richard Berkling appointed new CEO of PowerCell Sweden AB

The Board of Directors of PowerCell Sweden has appointed Richard Berkling as new CEO of PowerCell Sweden AB. Richard Berkling, who is today CEO of CPAC Systems, will assume the position at the latest by year-end, and will replace Powercell’s current CEO Per Wassén. Per Wassén will assist Richard Berkling during a transition period but will leave the position as CEO as from today’s date. During the transition period Karin…

24 June 2020

PowerCell receives order for PowerCell S3 from Bosch at a total value of MSEK 26

PowerCell Sweden AB has received an order for PowerCell S3 fuel cell stacks from Bosch at a total value of approximately MSEK 26 (2,470,100 Euro). The order will be delivered continuously during 2020.   The order comprises several PowerCell S3 fuel cell stacks to be delivered to Bosch within the framework of the joint development and licensing agreement. In April 2019 Robert Bosch GmbH and PowerCell Sweden signed an agreement regarding…