Germany-based steute Technologies, a Battery Ventures-backed manufacturer of switches, sensors and other products that enable increased automation and safety in the medical and industrial sectors, has acquired Netherlands-based medical device specialist Oldelft Ultrasound from Smile Invest. The transaction expands steute’s capabilities in the medical technology sector and strengthens its global position as a provider of critical technical solutions for medical equipment manufacturers.
Founded in 1985, Oldelft Ultrasound is a global developer and manufacturer of high-performance, miniaturised ultrasound transducers, primarily used in cardiology applications. The company employs approximately 90 professionals and partners with global OEMs in the medical imaging sector.
“Oldelft brings an outstanding portfolio of high-performing cardiology probes, deep development expertise, and long-standing relationships with high-profile OEM partners,” said Martin Kunz, CEO of steute Technologies. “By combining their image-enabling technologies with steute’s customised user interface solutions, we significantly strengthen our Meditec segment and enhance our ability to deliver high-value, system-relevant solutions to our customers worldwide.”
The acquisition enhances steute’s engineering capabilities and innovation capacity. It also supports the firm’s ambition to accelerate international growth, expand recurring customer partnerships, and increase the share of high-value, specification-driven products in the group’s portfolio.
“We see a strong strategic and cultural alignment with steute and becoming part of steute Technologies will enable us to accelerate our growth, expand our technological capabilities and continue serving our customers at the highest level,” said Erwin Dumay, CEO of Oldelft Ultrasound.
Battery Ventures acquired steute in 2024.
“Pairing Oldelft’s reputation for reliability, precision and deep collaboration with OEM customers with steute’s medical interface solutions strengthens the combined group’s ability to support complex medical applications and deliver integrated, system-relevant solutions on a global scale,” said Jesse Feldman, a Battery Ventures general partner and steute board member.
Smile Invest acquired a majority stake in Oldelft from Gimv in 2019, supporting it through key milestones, including the launch of its in-house developed 4D TEE probe platform, the advancement of its technology roadmap, and its move to new premises.
“We are confident that Oldelft Ultrasound is in excellent hands for its next growth phase,” said Bart Cauberghe and Ivo Vincente, managing partners at Smile Invest.
Press release: Battery Ventures-Backed steute Technologies Announces Acquisition of Oldelft Ultrasound, Further … – Oldelft Ultrasound