Health Tech: GvW advises DermLite on sale to FotoFinder Systems
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).
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