Innovative Sensor Technology IST AG (IST AG), a Swiss sensor specialist and part of the Endress+Hauser Group, today announced the majority acquisition of Infrasolid GmbH. In the course of this, TUDAG TU Dresden Aktiengesellschaft, which has supported the company since 2018 (seed financing), is also selling its shares.
Dresden, February 25, 2022 - Innovative Sensor Technology IST AG (IST AG) today announced that it has acquired a majority stake in Infrasolid GmbH, a portfolio company of TUDAG TU Dresden Aktiengesellschaft, as part of its growth strategy. As part of the transaction, TUDAG is selling its entire stake in the Dresden-based deep-tech hardware start-up. IST AG, a subsidiary of the Endress+Hauser Group, is a leading supplier of physical, chemical and biological sensors with the aim to become one of the leading suppliers in standard as well as customized sensor technology. With its entry into Infrasolid, IST AG is expanding its product portfolio to include components for optical infrared (IR) measurement technology.
Infrasolid GmbH was founded in May 2017 as a spin-off of the Institute for Solid State Electronics at TU Dresden and currently employs 14 people. Infrasolid develops, manufactures and markets thermal IR radiation sources that are used in the field of infrared (IR) analysis as well as in the near-infrared (NIR) range and have better performance parameters than conventional IR radiation sources. The globally patented technology enables, above all, greater miniaturization through a special design, while still maintaining competitive performance parameters, and automated mass production.
The areas of application for Infrasolid’s IR/NIR emitters range from gas analysis, e.g. in the fields of emission monitoring, environmental protection and safety, to the oil, gas and chemical industries, food analysis and medical applications. Due to the high miniaturization and automation potential, novel or mobile applications are also possible, e.g. in the areas of smart home, automotive, healthcare, IoT and smartphone.
TUDAG has actively supported the company’s development since spring 2018 together with co-investors VNG Innovation from Leipzig, TGFS Technologiegründerfonds Sachsen from Leipzig and WEGVISOR from Chemnitz. The team led by Dr. Marco Schossig, Dr. Tobias Ott and Benjamin Buchbach has since succeeded in completing the product development of the infrasolid emitters, building up its own manufacturing capacities and convincing more than 100 customers from over 20 countries to use the infrasolid emitters. »We would like to thank our investors VNG Innovation, TUDAG, WEGVISOR as well as the lead investor TGFS for the trust they have placed in us and at the same time we would like to thank the other partners in the Saxon ecosystem for the intensive and successful cooperation«, summarizes Dr. Marco Schossig, founder and CEO of Infrasolid GmbH.
For TUDAG, which has held companies as a holding company in the field of knowledge and technology transfer since its founding in 2000, this is another step in TUDAG’s startup sector.
successful exit. »We thank the founders and the entire team of Infrasolid GmbH for the successful and always very good cooperation,« said Francisco Arroyo, head of investment management at TUDAG. He adds, »We wish the managing directors all the best and maximum success in the future and will follow the company’s future development with interest.«