# SteelcoBelimed sets growth and profitability targets

SteelcoBelimed, a joint venture in which Metall Zug has a 33% stake, announced plans to achieve growth and profitability targets, including focusing on existing locations, streamlining the product portfolio, and bundling the organization. The joint venture closed its merger on June 7, 2024, and aims for a 10% EBIT margin in the medium term.

- Type: Investment
- Announced: 2024-09-30
- Where: Zug, Switzerland, Switzerland
- Status: announced
- Products: washer/disinfectors, sterilization equipment, endoscopy reprocessing equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SteelcoBelimed](https://endata.com/companies/15634.md)
- [Metall Zug](https://endata.com/companies/30378.md) (investor)

## Sources

- [lesechos-comfi.lesechos.fr](https://lesechos-comfi.lesechos.fr/press-release/metall-zug-ag-etr-steelcobelimed-sets-the-course-for-growth-and-profitability-VxxS71DR55A), 2024-09-30: "During the integration phase, which lasts around three years, SteelcoBelimed will position itself for profitable growth, with a target EBIT margin of 10% in the medium term."

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