#industrialtech--Battery Ventures portfolio company steute Technologies continues to expand across its core markets, partly through three new acquisitions announced over the last three months. Taken t...
Autore: Business Wire
The acquisitions, announced over just three months, strengthen steute’s medical and industrial safety divisions and highlight Battery’s increasing focus on applied technologies in the U.S. and Europe
BOSTON: #industrialtech--Battery Ventures portfolio company steute Technologies continues to expand across its core markets, partly through three new acquisitions announced over the last three months.
Taken together, the three transactions significantly broaden steute's global reach, engineering capabilities and product portfolio, positioning the company as an increasingly comprehensive partner for OEMs, distributors and end-users worldwide. Battery-a global investment firm with a growing focus on sensor, automation and other applied technologies-first invested in Lohne, Germany-based steute in 2024.
Steute is moving decisively to build scale across both of its core medical and industrial safety divisions. The new add-on acquisitions also add a U.S. manufacturing footprint to steute's existing platform of switching devices, sensors and wireless networks. Steute’s medical products include devices that help precisely control critical medical equipment in operating rooms, among others; on the industrial side, steute’s sensors and other technologies help improve safety and reliability in difficult manufacturing environments, including those that must withstand explosive or corrosive conditions and extreme temperatures.
The three new announced acquisitions are:
"This quick succession of acquisitions demonstrates the kind of focused, strategic growth we envisioned when we first partnered with steute," said Jesse Feldman, a Battery general partner and steute board member. "Across medical technology and industrial safety, steute is assembling a powerful platform of differentiated, mission-critical sensing and control products.”
“We still see significant opportunity to expand the group's global market reach and pursue additional complementary acquisitions,” added Maximilian Jessen, a Battery Ventures investor also active with steute's board.
Battery is continuing to expand its investment activity in the applied technology markets and has completed more than 90 such transactions across North America and Europe since 2003.
About steute Technologies
steute Technologies is a German-based international technology company, owned by Battery Ventures, that specializes in the development and manufacture of high-quality switching devices, sensors, and wireless networks for complex medical and industrial applications. Founded in 1961, the company is headquartered in Löhne, Germany, employing approximately 560 people globally, and is represented in over 40 countries through dedicated facilities, sales subsidiaries and partners.
About Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure/AI, and industrial technology and life-science tools. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, New York, London and Tel Aviv. Follow the firm on X @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.
Fonte: Business Wire