Battery Ventures buys IMC Test & Measurement

The company will operate alongside Battery's existing test and measurement companies, US-based Audio Precision and Denmark-based Gras Sound & Vibration. The GP said in a statement that this will enable the companies to benefit from synergies and growth opportunities.

IMC's operations will continue to be headquartered in Germany and its management team will remain in place.

Battery Ventures is currently deploying equity via Battery Ventures XIII, which held a final close in February 2020 on $1.2bn. The fund continues the GP's strategy of investing in technology companies operating in cybersecurity, financial technology and industrial technology.

Company
Founded in 1988 and headquartered in Berlin, IMC Test & Measurement creates equipment and software for data acquisition systems, as well as test strategies for mechanical and electromechanical systems. The company serves clients in a range of sectors, including automobiles, energy and aerospace. Its products include sensors, data acquisition systems and test stands for research and development.

According to its latest financial statements, the company's 2018 revenues increased by 24% compared with the previous year, following the merger of the two legal entities IMC Meßsysteme (Berlin) with IMC Test & Measurement (Friedrichsdorf). The company employed 247 staff in 2018.

People
IMC Test & Measurement – Kai Gilbert (CEO).

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