Miele will expand in medical technology

1711

Miele will acquire a controlling stake in the Steelco Group, whilst Steelco founders remain at the helm of the group. Thanks to this combination, the medical technology division within the Miele Group is set to grow by around one third to approximately 250 million per annum. The overarching aim is to provide clients with an even broader and more sophisticated range of products – as well as a professional and efficient service, both before and after the sale. This transaction is still subject to approval of the antitrust authorities. «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 – says Andreas Barduna, Commercial Director of Miele Professional business. Together with domestic appliances, the Miele Group achieved a turnover of 3.71 billion euro in the last fiscal year and today has 19,400 employees worldwide.»