Tecan to expand its Partnering Business with acquisition of Sias

Tecan Group AG / Tecan to expand its Partnering Business with acquisition of Sias . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

• Sias, a leading OEM supplier of laboratory automation solutions, adding new platforms, capabilities and corporate clients to Tecan's broad portfolio

• Sias to become part of Tecan's Partnering Business, leveraging Tecan's global sales infrastructure and after-sales support capabilities

Valuation representing a multiple of approximately one times expected fiscal year 2015 sales of Sias

Close proximity of Swiss facilities enables synergies and joint development of efficiencies

Transaction anticipated to be accretive to earnings per share before transaction-related amortization in 2017

Männedorf, Switzerland, October 28, 2015 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has reached agreement with the majority shareholders of Sias to acquire Sias AG, a leading OEM supplier of a wide range of modular and complete laboratory automation solutions. Sias will become a part of Tecan's Partnering Business, leveraging Tecan's global sales infrastructure and after-sales support capabilities. The acquisition adds further scale to Tecan's leading OEM business, brings new corporate customers in the in-vitro diagnostics segment and a healthy funnel of new development projects. Sias' modular platforms and robotic components are ideally suited for low- to medium-throughput applications and thus expand the range of Tecan's existing automation solutions and components offering.

The transaction is valued at approximately one times expected fiscal year 2015 sales of Sias of around CHF 25 million. The purchase consideration will be fully paid in cash. The transaction is expected to be accretive to earnings per share (EPS) before transaction-related amortization in 2017. Closing of the transaction is subject to certain conditions, including the timely transfer of sufficient shares.

Tecan CEO Dr. David Martyr commented: "We are pleased to have reached this agreement and look forward to welcoming the Sias team into Tecan. Sias will add further scale to our leading Partnering Business and provides access to complementary automation platforms which are particularly well suited as the basis for small to mid-size OEM systems for diagnostic as well as research applications."