Investering in ifp Institut für Produktqualität GmbH zal het bedrijf in staat stellen zijn activiteiten buiten Duitsland uit te breiden en te groeien door overnames

BOSTON–(BUSINESS WIRE)– Battery Ventures, een wereldwijde, op technologie gerichte beleggingsonderneming, heeft aangekondigd dat het ifp Institut für Produktqualität GmbH (Institute for Product Quality GmbH, of ifp), een leverancier van analytische test- en analysediensten voor klanten over de voedings-, diervoeder-, farmaceutische en watersector. De voorwaarden zijn niet bekendgemaakt.

Het bedrijf, opgericht in 2004 en gevestigd in Berlijn, heeft een sterke reputatie opgebouwd door zijn focus op gespecialiseerde testen op voedselallergenen, ziekteverwekkers, vitamines en pesticiden. Naast het leveren van analytische laboratoriumdiensten, produceert ifp diagnostische testkits voor de detectie van vitamines, voedselallergenen, pathogenen, GGO’s en andere stoffen.

Het bedrijf zal verder worden geleid door de directeuren Dr. Wolfgang Weber en Carolin Poweleit, terwijl Dr. Weber, de oprichter van het bedrijf, een eigendomsbelang in het bedrijf behoudt.

Battery Ventures Acquires German Provider of Analysis and Testing Services Focused on Food, Feed, Pharmaceutical and Water Safety

Investment in ifp Institut für Produktqualität GmbH will allow company to expand business outside of Germany, grow through acquisitions

BOSTON–(BUSINESS WIRE)– 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.

The company, founded in 2004 and based in Berlin, has earned a strong reputation for its focus on specialized testing for food allergens, pathogens, vitamins, and pesticides. In addition to providing analytical laboratory services, ifp manufactures diagnostic test kits for detection of vitamins, food allergens, pathogens, GMOs and other substances.

The company will continue to be led by its Managing Directors Dr. Wolfgang Weber and Carolin Poweleit, with Dr. Weber, the company’s founder, retaining an ownership stake in the business.

“At Battery, we have been tracking the critical food-safety sector for several years, particularly as the global food-supply chain has become more complex—creating more opportunities for safety issues. At the same time, consumers are increasingly sensitive to food safety, quality and its sustainability, with many seeking healthier options that are free of additives,” said Zack Smotherman, a Battery partner.

Justin Rosner, a Battery vice president added: “We are excited to partner with ifp to help drive the company’s growth in this expanding market, where customers are increasingly turning to specialized laboratories for safety and quality analysis.” Smotherman and Rosner are both joining ifp’s board.

Dr. Weber said, “Partnering with Battery, a large and well-capitalized global investment firm, will help our business grow organically and through targeted acquisitions, specifically as we think about serving our customers’ global needs and requirements for high-value analysis. We are excited to work with Battery on the next stage of our company’s journey.” Carolin Poweleit added, “We look forward to the partnership with Battery and this important next step in ifp’s further development.”

About ifp

ifp Institut für Produktqualität GmbH www.produktqualitaet.com operates as a laboratory for food, feed, water and pharmaceutical analysis. It develops and produces diagnostics for food, human, and veterinary diagnostics; conducts test reports, assessments, and certificates; and concludes seals of quality on cooperation with the food producer.

About Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, Calif.; Herzliya, Israel; London; and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005021/en/

Contacts

Alicia Michaud

Marketing Director/Battery Ventures

415-426-5922

alicia@battery.com