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, together with 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 is 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, particularly in the areas of corporate finance and all exit processes.