Groupe SEB and Bpifrance completed an €80m investment in ITEN.

Groupe SEB, a large French consortium that produces small appliances, and Bpifrance, an investment firm, completed an €80m investment in ITEN, a specialist in ceramic Li-ion technology. "Groupe SEB is committed to continuous innovation, whether in the search for new products or the continuous improvement of existing products, with a view to environmental issues and in particular the fight against the depletion of resources. Participating in this fundraising through our investment company SEB Alliance allows us to have a new look at the technologies developed by ITEN and to imagine the future of small domestic equipment: more performance, less clutter and always more “Made in France” innovation," Thierry De La Tour D'artaise, Groupe SEB President.