Battery Ventures buys German test specialist

August 05, 2019 //By Nick Flaherty
Investment firm Battery Ventures has bought Quantifoil Micro Tools in Jena, Germany, for an undisclosed sum.
Investment firm Battery Ventures has bought Quantifoil Micro Tools in Jena, Germany, for an undisclosed sum.

Quantifoil, which supplies specialty carrier films for electron microscopy, will be merged with Sample Preparation Technologies (SPT) group and work with TTP Labtech in the UK, which was acquired by Battery in 2018.

Founded in 1999, Quantifoil is a leading supplier of carbon and gold carrier films to customers in the field of electron microscopy in commercial, academic and research markets. As part of the SPT platform, the company will have extra resources for growth through technology development, production capacity expansion and greater global market coverage.

"Quantifoil's expertise is an excellent addition to TTP Labtech and further enhances SPT's existing offering in the field of electron microscopy, especially in the exciting field of cryo-electron microscopy, where TTP Labtech recently introduced a complementary instrument platform," said Bennett. "We are pleased to welcome Quantifoil to the global SPT family."

"We are very pleased to join the SPT Group and believe that this partnership will provide many valuable resources to Quantifoil as we grow and develop the business globally," said Kay Pfennighaus, General Manager of Quantifoil. "We see many synergies in this partnership and look forward to working with SPT and Battery."

Battery continues to expand its investment in industrial technology markets, and has completed more than 50 industry-related transactions in the US and Europe since 2003.

www.battery.com


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