TSM

What TSM does

T.S.M. S.r.l. (TSM) is an Italian sheet metal manufacturer founded in 1980 in San Quirino (Friuli Venezia Giulia), producing steel, stainless steel, aluminium, copper, and brass components for OEMs and Tier 1 suppliers. Its customer base spans six end-verticals: industrial PCs, vending, air treatment, whirlpool/spas, professional coffee machines, and professional appliances — i.e. the white-goods and professional-appliance sector that has been its heritage market since inception. The firm operates four high-tech production departments (cutting, press-forming, welding, and assembly) on a single site, with a stated 52 specialized collaborators and integrated IT system that manages forecasting and kanban orders in line with client production schedules.

The company's technology base is built around Amada fiber-optic and CO2 laser cutters (including a Fol aj 3015 with twin automatic loader, Fo 3015 NT, and EML 3610 NT laser-punch combination), Amada and Salvagnini panel-bending units, an Amada Astro 100 NT automated bending robot, six CNC press-forming units, and MIG/MAG and TIG welding stations. Maximum format is 3000×1500mm sheets up to 20mm in carbon steel; press-bending capacity reaches 130 tons on parts up to 3 metres. The firm also offers surface treatments (enamelling, galvanic finishing, polishing, satin finishing) and assembly services including sub-assemblies, kitting, stud-screw and bush mounting, wiring harness assembly, and packaging. It holds ISO 9001:2015 and ISO 45001:2018 certifications and operates under KAIZEN continuous-improvement principles, with prior POR FVG regional development funding.

TSM operates a direct enterprise sales model, manufacturing to client specifications under one-time project / production orders rather than a disclosed recurring or subscription model. No pricing is publicly disclosed. In June 2025, TSM was acquired by Walor North America, a manufacturer backed by the private equity firm Mutares, integrating the firm into a multi-industrial portfolio and providing a potential platform for cross-border expansion.

Name

TSM

Legal name

T.S.M. S.r.l.

Website

https://tsmpn.com

Company type

Private

Founded year

1980

Operating status

Acquired

Headcount range

51–100 employees

Short description

TSM is an Italian sheet metal manufacturer founded in 1980 in San Quirino, producing steel and aluminium components and pre-assemblies for OEMs and Tier 1 suppliers across industrial PCs, vending, air treatment, whirlpool, and professional appliances.

Ownership category

akta.pro rank

Headquarters

HQ city

San Quirino

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Manufacturing of steel and aluminum components: TSM manufactures steel and aluminum parts for OEMs and Tier 1 suppliers. The company operates in sheet metal working providing complete industrialization and production of components and pre-assembled parts. Production includes carbon steel, stainless steel, aluminium, copper, and brass.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

TSM manufactures thin sheet metal components and pre-assembled parts in carbon steel, stainless steel, aluminium, copper, and brass for industrial OEMs and Tier 1 suppliers. The company delivers a complete service from industrialization to finished components across four high-tech production departments (cutting, press-forming, welding, assembly) and supplies white goods, professional appliance, industrial PC, vending, air treatment, and whirlpool sectors with small to high-volume production runs.

Product overview

TSM is a manufacturer of thin metal sheet components serving multiple industry sectors. The company operates four core production departments (Cutting, Press-Forming, Welding, and Assembly) and provides finished components for Industrial PCs, vending machines, air treatment systems, Whirlpool appliances, professional coffee machines, and professional appliances. The product portfolio includes both discrete component manufacturing and complementary service modules including surface treatments, kitting, pre-assembly, and on-site assembly capabilities. Materials processed include carbon steel, stainless steel, aluminum, copper, brass, and refractory materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial PCs Sheet Metal Components Custom metal sheet components designed and manufactured for industrial personal computer applications, produced from carbon steel, stainless steel, aluminium, copper, and brass for industrial PC OEMs.
• Vending Machine Sheet Metal Components Sheet metal components manufactured for the vending machine industry, produced for vending market OEMs with flexible run sizes from small lots to high volumes.
• Air Treatment Equipment Components Metal components for air treatment systems and equipment, produced for air treatment sector manufacturers using TSM's four production departments.
• Whirlpool Appliance Components Sheet metal components manufactured for whirlpool/hydromassage appliances in the white goods sector, produced for spa and whirlpool OEMs.
• Professional Coffee Machine Components Precision sheet metal components for professional espresso and coffee machines, manufactured for professional coffee machine OEMs in the professional appliances sector.
• Professional Appliance Components Sheet metal components for professional kitchen and commercial appliances, serving professional appliance OEMs across the professional appliances sector.
• Mechanical and Electro-Mechanical Assembly Services Standalone assembly service offering preparation of sub-assemblies and kits, riveting and mechanical component assembly, small wiring harness assembly, stud screw and self-locking bush mounting for electronics, and packaging including special air or sea shipping packaging.
• Surface Treatment Services Standalone surface finishing services including enamelling and galvanic treatments for carbon steel components, and polishing and satin finishing for stainless steel, including re-satinization of stainless steel surfaces.

Quantifiable outcome

• Maximum sheet size 3000x1500mm with thickness up to 20mm for carbon steel
• +1 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Salvagnini S.p.A. Italian-headquartered leader in panel benders and automated sheet metal processing systems. While primarily a machinery OEM, Salvagnini also runs contract manufacturing services through its international FMS network, overlapping with TSM's press-forming and automation capabilities.
• BLM Group: Global supplier of tube and sheet metal processing equipment (laser cutting, bending, end-forming). Provides similar enabling technology to TSM and serves many of the same industrial fabricator customers across appliance, automotive, and HVAC.
• Emmegi Group: Large Italian manufacturer of machines and systems for aluminum and PVC profile processing as well as sheet metal cutting. Comparable technology base and Italian industrial heritage, though Emmegi is a machinery OEM rather than a parts fabricator.
• Trumpf SE + Co. KG: German global leader in machine tools, laser technology, and sheet metal processing equipment. Provides the type of advanced laser and bending technology TSM uses, and serves Tier 1 suppliers across appliance, automotive, and industrial markets.
• Bystronic AG: Swiss-headquartered global manufacturer of laser cutting, bending, and automation systems for sheet metal processing. Comparable installed base of fiber laser and press brake technology used by TSM; serves contract fabricators worldwide.

Others

• Mutares SE & Co. KGaA: Private equity owner of Walor North America and now TSM. Operates a portfolio of European industrial companies in similar turnaround/growth situations; relevant as the controlling capital partner shaping TSM's strategic direction.

Direct peers

• Carcano Antonio S.p.A. Italian sheet metal fabrication specialist serving appliance, automotive, and industrial OEMs from Northern Italy. Comparable mid-sized contract manufacturer with similar laser cutting, bending, and welding capabilities and a similar Tier 1 customer mix.
• Lamiera S.r.l. Italian contract sheet metal fabricator offering laser cutting, bending, welding, and assembly services to industrial OEMs. Comparable in scale and service scope to TSM with overlapping geographic and customer profiles.
• Walor North America: Walor North America (backed by Mutares) acquired TSM in 2025. Both operate sheet metal fabrication and metal forming businesses supplying OEMs, with closely aligned customer bases in appliance, automotive, and industrial markets.
• SIDEM S.p.A. Italian sheet metal fabrication and stamping group serving white goods, automotive, and HVAC OEMs. Closely comparable manufacturing scope and customer verticals, but operates at larger scale with multiple facilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/t-s-m-s-r-l

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSM