Cerha Hempel Spiegelfeld Hlawati has advised Trumpf Venture GmbH, a wholly-owned subsidiary of Trumpf GmbH + Co KG (both based in Germany), in connection with the Series A round of financing for Xarion Laser Acoustics GmbH (Austria).
According to CHSH, "Xarion was founded in 2012 as a spin-out company by the Vienna University of Technology and the Knowles Corporation and is the sole provider of optical microphones ... used for industrial process monitoring, material testing, and in medical ultrasounds." In December 2016, Xarion successfully completed its Series A round of financing in which Trumpf acquired an interest in the company.
CHSH describes the Trumpf Group as "a world leader in machine tools, laser technology, and electronics for industrial applications," and reports that "in the 2015/16 financial year, the company – which has over 11,000 employees – generated turnover of EUR 2.81 billion."
Transaction support was provided by CHSH Partner Albert Birkner, Senior Associates Sarah Wared and Alexander Babinek, and Associate Maximilian Mayer. The Trumpf Group's in-house team consisted of Florian Stuubel (Legal), Franz Lehmann (Venture Capital), and Heiko Zimmermann (M&A).
Image Source: xarion.com