ALL >> Business >> View Article
Battery Ventures Agrees To Acquire Medical And Industrial-automation Company Steute Technologies
![Profile Picture](https://www.123articleonline.com/images/avatar-default.jpg)
Battery Ventures, a global investment firm specializing in technology, has recently acquired steute Technologies GmbH & Co. KG. Steute, headquartered in Löhne, Germany, boasts over six decades of experience in developing cutting-edge technology solutions for the medical and industrial sectors. The company is renowned for its production of switches, sensors, and other products that enhance automation and safety, with a strong focus on wireless technology.
Steute’s product portfolio includes certified medical-control devices utilized in operating rooms worldwide, playing a crucial role in the precise control of medical equipment. Moreover, steute's sensors and switching devices are vital in industrial settings, ensuring safety and reliability, especially in challenging environments like explosive or corrosive conditions and extreme temperatures. The company also provides automation solutions that wirelessly connect essential manufacturing components on the shop floor.
Jesse Feldman, General Partner at Battery Ventures, expressed excitement about the collaboration, emphasizing steute’s dedication to innovation ...
... and quality. Feldman will be joining steute's supervisory board. Justin Rosner, Principal at Battery Ventures, highlighted steute’s technological leadership and customer partnerships as key drivers of its business growth. Rosner believes that with continued support from Battery, steute can further expand through organic growth and strategic mergers and acquisitions (M&A).
Stefan Schmersal, the owner of steute who will remain on the supervisory board, mentioned that teaming up with Battery Ventures will leverage the firm’s vast experience and business connections. Schmersal expressed confidence that Battery can assist steute in maintaining and accelerating its growth trajectory.
Read More - https://www.techdogs.com/tech-news/business-wire/battery-ventures-agrees-to-acquire-medical-and-industrial-automation-company-steute-technologies
Add Comment
Business Articles
1. Lawnmower Engines: Some Of The Basics In Understanding How They Work And How To Maintain Them In Chatham-kentAuthor: Denny Hawk
2. Keep Your Chainsaw Running Smoothly: Chatham-kent’s Leading Chainsaw Parts Repair Service
Author: Denny Hawk
3. Enhance Your Brand Visibility With Expert Signage Solutions In Auckland
Author: Tinting Experts
4. Driveworks Support - Design And Automation Services
Author: Design Automations
5. Professional Driveworks Training Course - Design Automation
Author: Design Automations
6. Driveworks Implementation Services - Design And Automation
Author: Design Automations
7. Why Kitchener Businesses Need Mobile Optimization For Seo Wins
Author: Vishal Sharma
8. Local Seo For London Businesses
Author: Mandreel
9. Navigating The Competitive Seo Landscape In London
Author: Mandreel
10. Miami Seo Company Solutions Designed To Grow Your Business
Author: Mandreel
11. The Power Of Miami Seo: How To Dominate Your Local Market
Author: Mandreel
12. Local Seo Strategies For Small Businesses In Toronto
Author: Mandreel
13. The Rise Of Tech Startups And The Role Of An Seo Agency In Toronto
Author: Mandreel
14. Emerging Trends In Ppc Advertising
Author: Mandreel
15. Ppc Management Strategies For Small Businesses In The Uk
Author: Mandreel