VNG Innovation GmbH sells stake in Infrasolid
VNG Innovation GmbH, a fully owned subsidiary of VNG AG, has sold its stake in the start-up Infrasolid GmbH. In future, Infrasolid GmbH will be owned by Innovative Sensor Technology IST AG, a company based in Ebnat-Kappel (Switzerland). VNG Innovation has been involved in the Dresden start-up since 2018 as a strategic partner together with the Technologiegründerfonds Sachsen (the Saxony technology start-up fund), TUDAG from Dresden and WEGVISOR Business Angels from Chemnitz. IST AG is part of the internationally active Endress+Hauser Group, a company specialising in measurement and automation technology, which with the acquisition of Infrasolid has gained specialised reinforcement of its components business.
“We are proud that we have been able to accompany the committed and talented team at Infrasolid on their journey so far. For us, the company is already a market leader in the field of miniature infrared heaters,” says Andreas Päts, Managing Director of VNG Innovation GmbH. “As a hidden champion in the hands of IST AG, Infrasolid will certainly continue to grow and expand its market role,” adds Dr. Matthias Tischner, also Managing Director of VNG Innovation GmbH.
The Dresden high-tech company was founded in 2017 and develops, produces and markets high-temperature infrared radiation sources, which are, for example, used in gas detection and gas analysis systems. “We would like to thank VNG Innovation GmbH and our other investors for their trust and support over the past few years. We are now looking forward to taking the next steps with the IST AG team,” is how Benjamin Buchbach, Managing Director of Infrasolid, comments on the acquisition.
Infrasolid GmbH’s vision is to make the wide range of applications for infrared radiation and infrared analysis accessible to everyone. The basis is a globally patented technology that enables the production of the most powerful and efficient thermal infrared radiation sources and also offers greater miniaturisation and the possibility of automated mass production. The products are used worldwide in numerous industrial applications. Infrasolid GmbH was founded in 2017 and is based in Dresden. For more information: (www.infrasolid.com)Infrasolid GmbH is a spin-off from the Institute for Solid State Electronics (IFE) at the Technical University Dresden. It develops and manufactures powerful infrared radiation sources for use in NDIR gas analysis and IR spectroscopy. Typical areas of application can be found in the areas of environmental protection, exhaust gas measurement, explosion and fire protection, building technology and medical technology. The Dresden start-up was founded in 2017.
VNG Innovation GmbH is a 100 percent subsidiary of VNG AG and a company of the VNG Group. It was founded in 2015 and enters into strategic partnerships with startups that deal in particular with topics and solutions for the energy industry. The focus of investment lies in the areas of energy efficiency, energy storage, energy conversion, digitization, mobility and sustainability. Founders who fit this description can apply using the contact form on the company's website. More at: www.vng-innovation.de.
Infrasolid: Dr.-Ing. Tobias Ott, F&E-Manager; Dr.-Ing. Marco Schossig, Geschäftsführer; Dipl.-Wirt.-Ing. Benjamin Buchbach, Geschäftsführer (from left to right) Image source: Infrasolid