Battery Ventures to acquire steute Technologies.

Battery Ventures, a global, technology-focused investment firm, agreed to acquire steute Technologies, a manufacturing company providing innovative technology solutions for the medical and industrial sectors. Financial terms were not disclosed. “Partnering with Battery allows us to tap the firm’s extensive experience and business network in the core markets in which we operate. 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,” Stefan Schmersal, steute owner.