The Lübeck-based Dräger Safety AG & Co. KGaA has acquired a 51 per cent stake in bentekk GmbH, a press release said Wednesday (April 5). Dräger bought the shares from bentekk’s seed investors High-Tech Gründerfonds (HTGF) and Innovationsstarter Fonds Hamburg (IFH). bentekk, based in the south of Hamburg, specializes in developing industrial gas measurement devices. Stefan Dräger, Chairman of the Executive Board of Drägerwerk Verwaltungs AG, said: “bentekk has developed a solution that is absolutely unique in this form. By purchasing a majority stake in this company, we have gained a major advantage in terms of development over our competitors.” Johannes Weber, Managing Director of bentekk GmbH, added: “Dräger’s customer intimacy and its international distribution and service network are invaluable to us.“
Hamburg as an innovative location
In March 2016, bentekk concluded a seed financing agreement with HTG. The previous investors are to sell their shares as part of Dräger’s acquisition. Lucille Bonnet, Senior Investment Manager of HTGF, commented: “This transaction provides bentekk with the ideal partner to achieve broad market penetration with its products.” Gencer Sahin, Investment Manager at IFH, added: “We are delighted that the team behind this start-up has developed such an innovative and unique product in Hamburg. Gaining a strong partner like Dräger seems to have secured the success of the company in the long term.”
Accessing new markets
bentekk’s X-PID product is a portable gas measurement device designed to quickly and accurately measure the presence of benzene and other carcinogenic organic compounds in the atmosphere. X-PID is the first handheld device to detect extremely low concentrations of compounds that were previously only detectable in a laboratory environment. The device is used mainly for clearance measurements during maintenance work and indicates excess values. So far, it has been used mainly for monitoring maximum permissible concentrations of benzene in the workplace. One of the main goals in the coming months is to develop the device with Dräger for use in atmospheres with a risk of explosion – a prerequisite for accessing additional markets.