GRUENDELPARTNER advises TGFS on exit of Infrasolid GmbH

Innovative Sensor Technology IST AG (IST AG), a Swiss sensor specialist and part of the Endress+Hauser Group, today announced the majority takeover of Infrasolid GmbH. At the same time, Technologiegründerfonds Sachsen (TGFS), which has supported the company since 2018 (seed financing), is also selling its shares.

Infrasolid GmbH was founded in May 2017 as a spin-off from TU Dresden. Infrasolid develops, produces and markets innovative thermal infrared radiation sources that are used in the field of infrared (IR) analytics as well as in the near-infrared (NIR) range for material and gas analyses.

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. This is the first exit in 2022 for TGFS, which has supported over 80 founders and start-ups in the Free State of Saxony since 2008 and is currently in its second generation of funds.

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 best-staffed advisory units in Central Germany and supports investors and entrepreneurs in particular with corporate financing and all exit processes.