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Venice - The German firm Miele has been doing some shopping in Italy by acquiring control over the Treviso-based company Steelco. The two will jointly collaborate in the field of medical technology, with the founders of Steelco still running the company.
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This operation will make Miele's medical technology division grow by at least a third, reaching approx. 250 million euros per year. The Italian company, currently around 400 employees, reported a turnover of 71 million euros last year.
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