GRUENDELPARTNER advises TGFS on the exit from Infrasolid GmbH

Innovative Sensor Technology IST AG (IST AG), a Swiss sensor specialist and part of the Endress+Hauser Group, has today announced the acquisition of a majority stake in Infrasolid GmbH. As part of this transaction, the Technology Start-up Fund Saxony (TGFS), which has supported the company since 2018 (seed funding), is also selling its shares.

Infrasolid GmbH was founded in May 2017 as a spin-off from TU Dresden. Infrasolid develops, manufactures and markets innovative thermal infrared radiation sources, which are used in both infrared (IR) analytics and near-infrared (NIR) applications for material and gas analysis.

TGFS has actively supported the company’s development since summer 2018, alongside co-investors VNG Innovation from Leipzig, TUDAG from Dresden and WEGVISOR from Chemnitz. For TGFS, which has supported over 80 founders and start-ups in the Free State of Saxony since 2008 – currently in its second fund generation – this marks the first exit in 2022.

GRUENDELPARTNER provided comprehensive legal advice to TGFS on this exit.

GRUENDELPARTNER’s Venture Capital / M&A practice group is one of the most experienced and largest advisory teams in Central Germany and supports investors and entrepreneurs, in particular with corporate financing and all exit processes.