bm|t beteiligungsmanagement Thüringen GmbH, a venture capital firm from Thuringia, Germany has sold its stake in Lynatox GmbH to Diersch & Schröder, a company with a long-standing tradition based in Bremen, Germany. Lynatox GmbH offers modern photocatalytic systems to reduce complex organic pollutants in air and water. The transaction forms the basis of a large new business potential for Diersch & Schröder group.
Lynatox GmbH, founded by Daniel Martschoke, Tobias Schnabel und Lars Matting in 2016, develops and distributes products and systems to fully decompose organic pollutants in the air and water through photocatalysis. The range of water substances decomposable by Lynatox’ technology include pharmaceuticals and hormones, pesticides and herbicides, as well as organic industrial waste and multi-resistant germs. Lynatox is able to improve air quality by eliminating toxic substances such as naphthalene, solvents, as well as odorants and allergens. The entire decomposition of organic pollutants into harmless end-products and the first energy-competitive application of photocatalysis in environmental technology are the unique features of Lynatox’ technology.
Lynatox was able to prove the effectiveness of its technology through extensive field studies in schools and decontamination plants as well as through successful treatment of highly contaminated samples. The tests demonstrated extremely high effectiveness in decomposing toxic substances and an ability to run the system with low energy usage.
With the acquisition of Lynatox shares, Diersch & Schröder found a strong and innovative clean-tech partner and a great supplement for its business units Energy & Chemistry to address future markets in sustainability. The sales price will remain undisclosed.
“As we have supported Lynatox GmbH from the beginning as a seed investor, I am very pleased to have found a great strategic fit and an experienced partner that will further develop Lynatox’ operations in Thuringia”, said Katja Butzmann, Senior Investment Manager at bm|t.
“With new synergies evolving through the coöperation between Lynatox and Diersch & Schröder, we are developing new technologies to protect the most valuable resources of the next century”, added Jan Christiansen, CEO of Diersch & Schröder group.
„As part of the strategic partnership, Diersch & Schröder will integrate our technology into their well-established business units and will catalyze our company growth”, agrees Daniel Martschoke, managing director at Lynatox GmbH.
About Lynatox GmbH:
Lynatox GmbH, based in Ohrdruf and Ilmenau, Germany, was founded by Daniel Martschoke, Tobias Schnabel und Lars Matting in 2016. The young technology company develops innovative and powerful systems to decompose complex organic pollutants in air and water. Offering unique characteristics compared to current solutions, Lynatox is poised to emerge as a technology leader in the market. (www.lynatox.de)
About Diersch & Schröder:
Diersch & Schröder (DS) group, founded in 1920 as an independent family-owned business, operates in the fields of mineral oil, new energies and chemistry. DS Group perceives the fast evolving markets as providing new opportunities to shape the future. The company’s goal is to expand its existing business units and to recognize and enter high-potential fields at an early stage. (www.ds-Bremen.de)
bm|t beteiligungsmanagement thüringen GmbH is a fully-owned subsidiary of Thüringer Aufbaubank based in Erfurt, Germany. It is the leading address for venture capital and private equity investments in Thuringia. bm|t currently manages 8 funds with a total volume of EUR 320mm. It invests in innovative firms in nearly all sectors and corporate development stages – from seed to growth phase and business successions. (www.bm-t.com)
bm-t beteiligungsmanagement thüringen GmbH
Senior Investment Manager
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