Steute expands global footprint with three acquisitions across medical and industrial markets

Steute Technologies, a portfolio company of Battery Ventures, is expanding its global reach and technical capabilities through three acquisitions completed or announced over the past three months, the company announced.

The deals, spanning medical technology and industrial safety sectors, are aimed at strengthening steute’s position as a supplier of sensing and control systems for original equipment manufacturers, distributors and end users worldwide.

Battery Ventures, a global investment firm that first invested in steute in 2024, has backed the company’s growth strategy, which focuses on scaling its medical and industrial safety divisions while broadening its product portfolio and geographic footprint.

The acquisitions include Netherlands-based Oldelft Ultrasound, acquired in March; Germany-based KIEPE Industry, also acquired in March; and Electro-Sensors Inc., a U.S.-based company that steute agreed to acquire in April, pending regulatory and shareholder approvals.

Oldelft Ultrasound, founded in 1985 and headquartered in Delft, manufactures miniaturized ultrasound transducers used primarily in cardiology and partners with major medical imaging equipment manufacturers. The company employs about 90 people and adds to steute’s medical division, which develops devices used to control critical equipment in operating rooms.

KIEPE Industry, based in Düsseldorf and operating since the late 1960s, produces electromechanical and electronic safety and monitoring devices for industries including mining and agriculture. The acquisition enhances steute’s Controltec division with additional product lines and application expertise in bulk-handling environments.

Electro-Sensors, founded in 1968 and headquartered in Minnetonka, Minnesota, manufactures machine-monitoring sensors and hazard-monitoring systems used in industrial settings. If completed, the transaction would give steute a manufacturing presence in the United States and expand its industrial safety offerings.

Steute’s industrial technologies are designed to improve safety and reliability in challenging environments, including those involving extreme temperatures, corrosive materials or explosion risks.

“This quick succession of acquisitions demonstrates the kind of focused, strategic growth we envisioned when we first partnered with steute,” said Jesse Feldman, a general partner at Battery Ventures and a member of steute’s board. He added that the company is building a platform of “mission-critical sensing and control products” across both medical and industrial markets.

Battery Ventures investor Maximilian Jessen, who is also involved with steute’s board, said the company sees “significant opportunity” to continue expanding its global reach and pursue additional acquisitions.

Battery Ventures has completed more than 90 transactions in applied technology sectors across North America and Europe since 2003, with an increasing focus on sensors, automation and related technologies.