The high frequency peaked BL Lac object PG 1553+113 underwent a flaring event in 2012. The High Energy Stereoscopic System (H.E.S.S.) observed this source for two consecutive nights at very high energies (VHE, $E>$100~GeV). The data show an increase of a factor of three of the flux with respect to archival measurements with the same instrument and hints of intra-night variability. The data set has been used to put constraints on possible Lorentz invariance violation (LIV), manifesting itself as an energy dependence of the velocity of light in vacuum, and to set limits on the energy scale at which Quantum Gravity effects causing LIV may arise. With a new method to combine H.E.S.S. and Fermi large area telescope data, the previously poorly known redshift of PG 1555+113 has been determined to be close to the value derived from optical measurements.