Battery Ventures, a global investment firm renowned for its focus on technology, has announced the acquisition of Steute Technologies GmbH & Co. KG. Steute, based in Löhne, Germany, is a prominent manufacturer of switches, sensors, and other innovative technological solutions integral to the medical and industrial sectors. Known for its high-quality, certified medical-control devices and industrial automation products that operate under extreme conditions, Steute’s strategic focus on wireless technology has bolstered its market leadership. This acquisition aligns with Battery’s extensive portfolio and decades of experience in test, measurement, and control equipment markets. Both parties express optimism about steute’s future growth trajectory under Battery’s guidance and continued collaboration with existing steute directors and owner Stefan Schmersal.
Medical Devices, Industrial Automation, Private Equity,Germany, United States
https://www.businesswire.com/news/home/20240520060446/en/Battery-Ventures-Agrees-to-Acquire-Medical-and-Industrial-Automation-Company-steute-Technologies