GvW Graf von Westphalen has advised a founder of DermLite LLC, a leading Californian provider of handheld dermatoscopes, on the sale of the company to FotoFinder Systems GmbH, a manufacturer of imaging systems for dermatology, and the re-investment in the buyer. With the combination of the two companies, DermLite's dermatoscope technology can be combined with FotoFinder Systems' AI-supported imaging systems for innovative dermatological diagnostics and research. The parties have agreed not to disclose the amount of the transaction.
DermLite LLC, based in Aliso Viejo, California, is a leading brand of handheld dermatoscopes. The company specializes in producing advanced, intuitive and practical tools for the dermatology community. These products include the world's first polarized dermatoscope (2001) and the first hybrid dermatoscope (2006).
Founded in 1991 in Bad Birnbach/Bavaria, FotoFinder Systems GmbH has developed into a leading provider of imaging technology for the early detection of skin cancer using Automated Total Body Mapping (ATBM), digital dermoscopy and artificial intelligence (AI). With offices in Italy, the UK and the USA and a global partner network, the company is active in more than 90 countries.
GvW advised the founder Thorsten Trotzenberg of DermLite LLC on this transaction by Dr. Frank Tschesche (Tax/M&A, lead) and Karsten Kujath (Employment, both Frankfurt).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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