Battery Ventures is to acquire steute Technologies, a Löhne, Germany-based provider of manufacturing innovative technology solutions for the medical and industrial sectors.
The amount of the deal was not disclosed. Battery General Partner Jesse Feldman, will join the company’s supervisory board.
The partnership aims to accelerate growth in the business providing intelligent sensors, hardware and software systems for complex industrial and medical applications.
steute is a global manufacturer of switches, sensors and other products that enable increased automation and safety. Its product line includes certified medical-control devices that help precisely control medical equipment in operating rooms globally. In addition to the medical industry, steute’s sensor and switching devices are pivotal in industrial environments—where safety and reliability are paramount—particularly in environments that must withstand explosive or corrosive conditions and extreme temperatures. The company also provides automation solutions across the shop floor by wirelessly connecting key elements of manufacturing.
FinSMEs
20/05/2024