Battery Ventures acquisition news – Venture Capital Firm Battery Ventures to Acquired Steute Technologies GmbH & Co. KG,

Based in Löhne, Germany, steute is a global manufacturer of switches, sensors and other products that enable increased automation and safety. The company’s product line includes certified medical-control devices that help precisely control medical equipment in operating rooms globally.

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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. steute also provides automation solutions across the shop floor by wirelessly connecting key elements of manufacturing.

Battery General Partner Jesse Feldman said, “We are extremely excited to partner with steute, a company that has championed innovation and quality, who will join the company’s supervisory board. “We think steute is ideally positioned as a provider of key components that enable the automation of the medical and industrial markets.”

Battery has nearly two decades of experience in the market for test, measurement and control equipment, including through its previous investments in U.K.-based Process Sensing Technologies* (2017) and Industrial Safety Technologies* (2011), based in the U.S.

steute’s owner Stefan Schmersal said, “Partnering with Battery allows us to tap the firm’s extensive experience and business network in the core markets in which we operate, who will continue on at the company on its supervisory board. Handing over ownership of a family-run business is never easy. But I am confident Battery can help us continue the growth we’ve experienced over the last decades and help us expand the company even further.”

About Steute Technologies

For more than 60 years, steute has been developing and manufacturing sensors and control units which meet the highest standards of quality and reliability. The steute portfolio encompasses a wide range of standard and customized products for medical and industrial applications. steute collaborates closely with OEMs and end users and to take customer requirements into account from the development stage onwards.

About Battery

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, consumer tech, healthcare IT 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.