Tecan to expand its Partnering Business with acquisition of Sias - Seite 2

Dr. Achim von Leoprechting, Head of Tecan's Partnering Business added: "Sias' core expertise in automating immunoassays and molecular diagnostics workflows as well as their strong client base in China perfectly match with our corporate strategy. In addition, the close proximity of the two Swiss facilities allows synergies to be implemented."

Andre Guenter, CEO of Sias, said: "We have reached a mutually beneficial agreement. We bring a dedicated, highly trained team, innovative technologies and leading products, a strong pipeline of new development projects and dedicated business partners all over the world. Tecan's global presence will allow us to grow even faster than our current rate by leveraging local sales and service organizations. We will greatly benefit from the combined capabilities of the larger development organization. It is a good opportunity for the shareholders of Sias AG to realize their loyal investment."

A leading OEM supplier of specialized automation solutions
Sias AG is a leading OEM supplier of a wide range of modular and all-inclusive laboratory automation solutions. The company is one of the world's leading manufacturers in the liquid handling segment. Sias was founded in Hombrechtikon, Zurich, in the year 2000. Since 2011, Sias further strengthened its position as an innovative OEM supplier, including through the acquisition of Xiril AG in 2012. The company has around 80 employees and supplies customers in Europe, the USA and China. Sias' customers are primarily in the diagnostics and research sectors.

Additional information can be found on the Sias webpage:
www.sias.biz

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, 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 2014, Tecan generated sales of CHF 400 million (USD 437 million; EUR 331 million). Registered shares of Tecan Group are traded on the SIX Swiss Exchange (TECN; ISIN CH0012100191).