Gütersloh, Germany/Briese Pio X, Italy 6/9/17—Miele has acquired a controlling stake in Steelco, growing its medical technology division by a third to €250 million ($277 million at €0.90 = $1) in annual revenues. Both companies offer cleaning, disinfection and sterilization products for the medical and laboratory markets. In 2016, Steelco recorded sales of €71 million ($79 million). “Together with Steelco, Miele can combine its claim to quality and innovation leadership with a significantly broader product portfolio, and hence expand its market position,” stated Andreas Barduna, commercial director of Miele’s Professional business. Miele will consolidate its central sterile supply department business, which serves hospitals, under the Steelco brand. Miele subsidiaries will handle customer-segment marketing for general surgeries, dental practices and labs. Steelco’s founders and management will remain with the company.

Among the products supplied by Miele’s Professional business are laboratory cleaning systems and washers for glassware and stainless steel. Steelco’s laboratory products include lab washers and stream sterilizers. Both companies’ products serve a variety of end-markets, with general laboratory offerings accounting for a small percentage of sales. Steelco has 400 employees. In fiscal 2016, Miele generated revenues of €3.71 billion ($4.1 billion).