Battery Ventures to Acquire Medical Automation Company steute Technologies

Battery Ventures has agreed to acquire steute Technologies, a family-owned company based in Löhne, Germany, with more than 60 years of experience in the manufacture of switches, sensors and other products that enable greater automation and safety in certified medical control devices used to precisely control medical equipment in operating rooms worldwide.

Steute is positioned as a supplier of key components that enable the automation of the medical market and has become a leader in wireless technology. With continued investment from Battery, the company can continue to grow both organically and through targeted M&A activity, according to Battery, a global technology-focused investment firm.

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