# Metall Zug and Miele create joint venture in Infection Control and Life Science

Metall Zug and Miele have signed an agreement to create a joint venture combining Belimed and Steelco. Metall Zug will hold 33% and Miele 67% of the new company based in Zug, Switzerland.

- Type: Acquisition
- Announced: 2023-11-28
- Where: Zug, Switzerland
- Status: announced
- Products: cleaning, sterilization and disinfection equipment for medical and surgical instruments, pharmaceutical products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Miele](https://endata.com/companies/8772.md) (partner)
- [Metall Zug](https://endata.com/companies/30378.md) (partner)
- [Belimed](https://endata.com/companies/74015.md) (target)
- [Steelco](https://endata.com/companies/74016.md) (target)

## Sources

- [boersennews.de](https://www.boersennews.de/nachrichten/meldungen/eqs/metall-zug-und-miele-gruenden-joint-venture-im-bereich-infection-control-und-life-science-belimed-und-steelco-buendeln-kraefte/4285203/), 2023-11-28: "Metall Zug and Miele have signed an agreement under which Metall Zug will contribute Belimed AG and Belimed Life Science AG, and Miele will contribute the Steelco Group into a new joint venture to be established."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/METALL-ZUG-AG-3052353/news/Metall-Zug-and-Miele-create-joint-venture-in-Infection-Control-and-Life-Science-area-Belimed-and-S-45446675/), 2023-11-28: "Metall Zug and Miele have signed an agreement under which Metall Zug will contribute Belimed AG and Belimed Life Science AG, and Miele will contribute the Steelco Group into a new joint venture to be established."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.