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Tecan Group Ltd.. (10/3/16). "Press Release: Tecan Successfully Completes the Acquisition of SPEware Corporation". Männedorf.

Organisations Organisation Tecan Group Ltd. (SIX Swiss Exchange: TECN)
  Group Tecan (Group)
  Organisation 2 SPEware Corporation
  Group Tecan (Group)
Products Product sample preparation (technology)
  Product 2 mass spectrometry (MS)
Index term Index term SPEware–Tecan: investment, 201608–201609 acquisition of SPEware for $50m in cash + $10m milestones
Person Person Brändle, Martin (Tecan 201201 Head Corporate Communications + Investor Relations)
     


The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of SPEware Corporation (SPEware) on September 30, 2016. On August 31, 2016, Tecan announced the acquisition of SPEware, a leading provider for mass spectrometry sample preparation solutions based in Baldwin Park, California (USA), to further expand Tecan's dedicated solutions offering into a new market segment. From October 1, 2016, SPEware will be included in the consolidated financial statements of the Tecan Group as a part of the Life Sciences Business segment.

Additional information can be found on the SPEware webpage:
www.spewarecorporation.com


About Tecan

Tecan (www.tecan.com) is a leading global provider of laboratory instruments and solutions in biopharmaceuticals, forensics and clinical diagnostics. The company specializes in the development, production and distribution of automated workflow solutions for laboratories in the life sciences sector. Its clients include pharmaceutical and biotechnology companies, university research departments, and forensic and diagnostic laboratories. As an original equipment manufacturer (OEM), Tecan is also a leader in developing and manufacturing OEM instruments and components that are then distributed by partner companies. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both Europe and North America and maintains a sales and service network in 52 countries. In 2015, Tecan generated sales of CHF 440 million (USD 459 million; EUR 411 million). Registered shares of Tecan Group are traded on the SIX Swiss Exchange (TECN; ISIN CH0012100191).


For further information:

Tecan Group
Martin Braendle
Vice President, Communications & Investor Relations
Tel. +41 (0) 44 922 84 30
Fax +41 (0) 44 922 88 89
investor@tecan.com
www.tecan.com

   
Record changed: 2016-11-02

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