Tecan Trading AG

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

Key Developments

Date	Approach	Development
May 2019	Acquisition	Tecan 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 2018	Product launch	Tecan 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

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