TECAN TO EXPAND COMMERCIAL REACH, CAPABILITIES AND GEOGRAPHIC FOOTPRINT
Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments
Adds complementary expertise, broadens design, development and manufacturing capabilities
Expansion into the attractive and fast-growing medical device market segment, close to Tecan's own core competencies
Significantly strengthens geographic footprint in the US, the largest life sciences and healthcare market in the world
Adds significant engineering as well as cost-competitive manufacturing capabilities, both in US and in the APAC region
Total consideration of USD 1.0 billion (CHF 920 million)
In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs
3
Acquisition Significantly Expands Total Addressable Market
ADDING A 4TH AND 5TH STRATEGIC GROWTH VECTOR
LIFE SCIENCE RESEARCH
IN-VITRO DIAGNOSTICS
MEDICAL DEVICES
(MEDICAL MECHATRONICS)
>55 BN USD
>60 BN USD
>100 BN USD
(TAM: 4-5 BN)
(TAM: ≈4 BN)
(TAM: 13-15 BN)
Life Sciences
Partnering
Business
Business
4 Paramit
Implants & Consumables
+ Instruments
Outsourced part of market (TAM)
Partnering Business
5
Paramit
4
Adjacent OEM Offerings for Components and Instrumentation
CLOSE TO TECAN'S OWN CORE COMPETENCIES: ≈75% OF SALES BASED ON ROBOTICS AND LIQUID HANDLING
LIFE SCIENCE RESEARCH
IN-VITRO DIAGNOSTICS
>55 BN USD
>60 BN USD
(TAM: 4-5 BN)
(TAM: ≈4 BN)
OEM
• Robotic components (e.g. pumps)
•
Platform-based automation systems
Offering
•
Dedicated automation systems
Key
• NGS, cell biology,
• MDx, transfusion medicine,
biopharma manufacturing,
tissue pathology, immuno-
Applications
flow cytometry (…)
assays, NIPT (…)
OEM
• Components, modules and systems, based on
Offering
robotic, micro fluidics and optical technologies
Key
•
NGS, other genomics,
• MDx, digital pathology
biomarker detection,
Applications
cell biology, EM (…)
MEDICAL DEVICES
(MEDICAL MECHATRONICS)
>100 BN USD
(TAM: 13-15 BN)
Components, modules and systems, based on robotic, micro fluidics, optical, laser and radio frequency technologies
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Tecan Group AG published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 15:51:08 UTC.
Tecan Group AG is a Switzerland-based company engaged in the development, production and distribution of advanced automation and detection solutions for the life science laboratories. Its product portfolio is diversified into several product groups. The Liquid Handling & Robotics group encompasses laboratory technologies for safety, among others. The Reader & Washer product group covers micro plate instruments. The Microarray Products group includes microarray scanner and automated hybridization station. The HP D300 Digital Dispenser and Sample Management product groups cover systems for automated management of sample libraries. The Components group covers the supply services of products for laboratory automation instruments. The OEM (original equipment manufacturing) product group covers platform-based systems, systems from scratch and Cavro OEM Components. The Company also offers packaged software and consumables through Software and Consumables product groups, respectively.
TECAN GROUP AG 
