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Tecan Trading AG

Company Profile Analysis

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Tecan Trading AG - Healthcare showcase

Year Founded & Workforce

1980

1,932 Employees

Industry

Healthcare

Services

Solid Phase Extraction ProductsNuGEN Automation SolutionsConsumablesCell maintenance and expansion
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Tecan Trading AG Overview

Company Headquarters: Männedorf, Switzerland

Founded: 1980

Workforce: 1,932

Company Working: Tecan Trading AG (Tecan Trading) is a leading provider of automated laboratory instruments and solutions. The company operates through two business segments, namely, the life science segment and the partnering segment. Tecan Trading has hundreds of patents that strengthen its competitive position for a variety of products and applications. The company’s products and services help researchers and healthcare professionals to work on drug discovery, translational research, and clinical diagnostics to develop new technologies and drugs. The company produces automated workflow solutions that empower laboratories. The company has a wholesale distribution of medical instruments apparatus and surgical equipment.

Strategy

Tecan Trading focuses on shaping the future of automated workflows in life sciences and clinical diagnostics through unrivaled expertise, products, and customer support. The company aims to stay ahead in the market by continually improving its products offering and enabling customers and partners to achieve their research and business goals.

Company Snapshot

$535.74M

Revenue

1,932

Employees

1980

Founded

Männedorf, Switzerland

Headquarters

SWOT Analysis

Strengths

  • Focus on R&D of solid phase extraction products
  • Strong product portfolio
  • Strong portfolio of life science products and services
  • Strong financial performance
  • Higher adoption of next-generation sequencing (NGS)

Weaknesses

  • Product recalls
  • Significant level of indebtedness
  • High cost products

Opportunities

  • Product launches
  • Expansion in small and mid-sized markets
  • Strategic initiatives to strengthen business capabilities
  • Catering to developing and underdeveloped countries

Threats

  • Rising competition in the market for medical devices
  • Strong competition from international key players

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Key Developments

DateApproachDevelopment
May 2019AcquisitionTecan Trading completed the acquisition of a supplier, which provides key parts for the manufacturing of the equipment. It acquired two manufacturing sites of the supplier, one in Vietnam and the other in the US. Through this acquisition, the company benefited from the long-term supply of high-quality precision-machine parts and saved costs by internalizing their supply.
January 2018Product launchTecan Trading launched the Fluent Gx Automation Workstation to be used in regulated laboratories. This product offers the flexibility to meet a host of laboratory needs such as clinical diagnostics, next-generation sequencing, and nucleic acid purification, and provide the advanced process security features required for regulated applications in clinical, good clinical practice (GCP), good laboratory practice (GLP), good manufacturing practice (GMP), and quality control (QC) facilities.

Product Offering

  • Tecan Trading AG
    • Solid Phase Extraction Products
    • NuGEN Automation Solutions
    • Consumables
    • Cell maintenance and expansion

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 535.7 Mn in 2017 to USD 640.6 Mn in 2019.
Tecan Trading AG — By Business Segment
Series (USD Mn)201720182019
Sales535.7606.5640.6
R&D Expenditure49.952.260.2

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