Stern Engineering

Company Overview

Snapshot

Founded in May 1989 by Yuval Stern and Yossi Stern, Stern Engineering operates with 11–50 employees. The company was acquired by FIMI Opportunity Funds in January 2019.

Business overview

Stern Engineering specializes in designing water-conservation products that utilize infrared technology. Their product portfolio includes electronic wall-mounted and deck-mounted faucets, touch-free soap dispensers, electronic flush valves for urinals and toilets, electronic shower controls, shower panels, and vandal-resistant shower heads. Additionally, Stern Engineering produces a variety of components such as infrared sensors, piezo switches, and solenoid valves, serving markets within the Industrial Technologies sector.

Strategic signal

In January 2019, Stern Engineering was acquired by FIMI Opportunity Funds. This acquisition by a prominent private equity firm signals a strategic validation of Stern Engineering's market position and its water-conservation product portfolio, indicating potential for expanded market reach and operational efficiencies under new ownership.

Company Intelligence Q&A

When was Stern Engineering founded and by whom?

Stern Engineering was founded in May 1989 by Yuval Stern and Yossi Stern.

What significant corporate event occurred in January 2019?

In January 2019, Stern Engineering was acquired by FIMI Opportunity Funds, which purchased a 70% stake in the company, as reported by Globes.

What types of components does Stern Engineering produce?

Stern Engineering produces a large variety of components, including infrared sensors, piezo switches, and solenoid valves, which are integral to their water-conservation products.

Which sectors does Stern Engineering operate in?

Stern Engineering operates within the Industrial Technologies sector, with a focus on microelectronics and photonics solutions, and sensing technologies like infrared.