Battery Ventures Acquires German Provider Of Analysis And Testing Services Focused On Food, Feed, Pharmaceutical And Water Safety

Sep 08, 2021•almost 4 years ago

Acquiring Company

BTRY

Acquired Company

Analysis Services

DübendorfRenewable Energy

Description

Battery Ventures, a global, technology-focused investment firm, announced it has acquired ifp Institut für Produktqualität GmbH (Institute for Product Quality GmbH, or ifp), a provider of analytical testing and analysis services for customers across the food, feed, pharmaceutical and water sectors. Terms were not disclosed.

Company Information

Company

BTRY

Location

Dübendorf, Zurich, Switzerland

About

BTRY is an early-stage battery start-up with a clear mission: to revolutionize the energy storage industry by developing innovative, sustainable, and efficient battery solutions. Our primary objective is to accelerate the global transition to clean energy by providing cutting-edge battery technologies that enable the widespread adoption of renewable energy sources.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Battery Ventures Acquires German Provider Of Analysis And Testing Services Focused On Food, Feed, Pharmaceutical And Water Safety

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Battery Ventures Acquires German Provider Of Analysis And Testing Services Focused On Food, Feed, Pharmaceutical And Water Safety

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