Global technology-focused investment firm Battery Ventures has announced the acquisition of Goodfellow, a specialist supplier of high-quality materials for research and development, prototyping and specialised manufacturing.
Battery Ventures
Headquartered in Cambridgeshire, UK, Goodfellow has subsidiaries in China, France, Germany and the United States. Customers include advanced manufacturers, government research facilities, laboratories and universities worldwide.
Goodfellow procures raw materials and semi-fabricated components for clients' research purposes as well as specialised manufacturing requirements, such as new product prototyping.
By employing scientists and engineers with extensive technical knowledge of materials and their processing requirements, Goodfellow collaborates with its customers to recommend suitable materials and products to meet the requirements of their specific applications.
“Goodfellow has built a strong reputation for first-class customer service in an industry where quality, reliability and expertise is critical,” said Battery Ventures General Partner Jesse Feldman.
“We look forward to continuing this heritage and further serving Goodfellow clients worldwide by growing the company’s international business and broadening its product range, including through targeted M&A, as well as improving customers’ digital-procurement experience—allowing them to more easily buy more materials online.”
“Our goal has always been to be a trusted supplier of the most comprehensive range of materials for research, development and specialised manufacturing to ensure that our customers can have whatever they want, whenever they need it, wherever they are,” said Goodfellow Sales Director Simon Kenney.
“Battery Ventures, a well-capitalised, global investment firm, will bring additional resources and a deep expertise in the industrial-technology market to help us accelerate growth in the next phase of Goodfellow’s journey. We look forward to continuing to build on Goodfellow’s legacy and thank Stephen for his key contribution to the business up to this point.”
Battery Ventures is continuing to expand its investment activity in the industrial-technology markets and has completed more than 60 industrial-related transactions across the United States and Europe since 2003.
According to the company, this strategic investment will help further digitise the company’s operations and fund acquisitions of new materials to support global research.
Back to Homepage
Back to Metals & Mining