Battery Ventures Agrees To Acquire Medical And Industrial-Automation Company steute Technologies
Battery Ventures, a big investment company that focuses on technology, just bought steute Technologies GmbH & Co. KG. Steute is located in Löhne, Germany and has been making cool technology stuff for over 60 years. They make switches, sensors, and other things that help with automation and safety, especially wireless technology.
One of the things that steute makes is medical-control devices that are used in operating rooms all around the world. These devices are super important because they control medical equipment with really high precision. Steute also makes sensors and switching devices that are really important in industrial places. They make sure everything is safe and reliable, even in tough conditions like really hot or really dangerous places. They also have automation solutions that connect different parts of manufacturing wirelessly.
The people at Battery Ventures are really excited about this partnership. Jesse Feldman, who works at Battery Ventures, thinks that steute is really good at coming up with new ideas and making high-quality stuff. He's even going to join steute's supervisory board. Justin Rosner, another person from Battery Ventures, thinks that steute is a leader in technology and working with customers. He believes that with Battery's help, steute can grow even more by making new things and joining with other companies.
Stefan Schmersal, the owner of steute, will still be on the supervisory board. He thinks that working with Battery Ventures will help steute a lot because they have a lot of experience and connections. Schmersal is confident that Battery can help steute keep growing and get even better.
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