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bm|t strengthens Ilmenau as a site for technology companies: QSIL obtains 7‑figure financing

  • 2015

QSIL (Quarz­schmelze Ilme­nau GmbH) – a lead­ing sup­plier of fused quartz prod­ucts – has closed a 7‑figure financ­ing round from a fund man­aged by bm|t (beteili­gungs­man­age­ment thürin­gen gmbh).

With the fund­ing, QSIL will expand its site in Ilme­nau, which cur­rently has more than 150 employ­ees. QSIL’s pro­pri­etary plasma fusion process makes it one of the only com­pa­nies in the world capa­ble of trans­form­ing up to 500 kg of crys­talline quartz sand into fused quartz by use of a sparked plasma arc heated to 2000 °C.

The tech­no­log­i­cal exper­tise, mar­ket posi­tion and sta­ble eco­nomic devel­op­ment of the com­pany have con­vinced us to invest in QSIL. We are glad that we can sup­port QSIL’s con­tin­ued growth at its Ilme­nau loca­tion with our financ­ing,” said Udo Werner, Man­ag­ing Direc­tor of bm|t.

Stephan Behr, Man­ag­ing Direc­tor of QSIL GmbH, sees the regional pres­ence of financ­ing part­ner bm|t as a spe­cial benefit.

About QSIL

QSIL (Quarz­schmelze Ilme­nau GmbH) is a lead­ing global sup­plier of high-purity quartz glass prod­ucts from under the brand ilmasil®. Their exper­tise in the man­u­fac­ture and pro­cess­ing of quartz glass spans pro­cess­ing of raw mate­ri­als, melt­ing quartz sand, pipe pro­duc­tion and glass-blow­ing pro­cess­ing to cus­tomized end prod­ucts. Through its pro­pri­etary plasma fusion tech­nol­ogy, QSIL has emerged as the only com­pany world­wide that can pro­duce thick-walled hol­low cylin­ders (bil­lets) in one pro­duc­tion step.

About bm|t

Erfurt-based bm|t (beteili­gungs­man­age­ment thürin­gen GmbH) is a sub­sidiary of the Thuringia Devel­op­ment Bank and the pre­mier part­ner for invest­ments in Thuringia. bm|t cur­rently admin­is­ters six funds with a total vol­ume of around €250 mil­lion. bm|t invests in inno­v­a­tive com­pa­nies from all high-yield sec­tors and in all stages of a company’s life cycle, from start-up to IPO or MBO.

Con­tact:

Karin Rabe, Invest­ment Manager
Tel.: +49 0361 7447 605
Email: karin.rabe@bm‑t.com

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