About Tecan
Tecan is a company based in Mannedorf (Switzerland) founded in 1980.. The company has 3,590 employees as of December 31, 2024. Tecan has completed 7 acquisitions, including IBL International, NuGEN and Paramit. Tecan operates in a competitive market with competitors including Opentrons, Waters Corporation, Emerald Therapeutics, Andrew Alliance and Quartzy, among others.
- Headquarter Mannedorf, Switzerland
- Employees 3590 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tecan Group Ag
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Annual Revenue
$1.03 B (USD)-13.04as on Dec 31, 2024
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Net Profit
$74.68 M (USD)-48.77as on Dec 31, 2024
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EBITDA
$156.18 M (USD)-29.85as on Dec 31, 2024
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Latest Funding Round
$32.9 M (USD), Grant
Oct 27, 2020
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Investors
HHS
& 2 more
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Employee Count
3590
as on Dec 31, 2024
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Investments & Acquisitions
IBL International
& 6 more
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IPO & Listings of Tecan
Tecan is a publicly listed company on the SIX with ticker symbol TECN in Switzerland, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
73 people
Sales and Marketing
37 people
Senior Team
24 people
Product Management Team
21 people
Finance and Accounting
17 people
Leadership Team
14 people
Human Resources and Administration
10 people
Head Team
7 people
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Funding Insights of Tecan
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $32.9M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Grant - Tecan | Valuation |
investors |
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| Sep, 2016 | Amount | Grant - Tecan | Valuation |
investors |
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| May, 2016 | Amount | Grant - Tecan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tecan
Tecan has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include HHS, European Union and U.S. Department of Defense. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Military forces are provided by the U.S. Department of Defense for national security.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tecan
Tecan has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include IBL International, NuGEN and Paramit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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High-performance machines and equipment are designed and manufactured.
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2005 | ||||
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Amplification products for genomic analysis are developed and supplied.
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2000 | ||||
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Multi-tipped robotic liquid handling systems are developed for lab automation.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tecan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tecan Comparisons
Competitors of Tecan
Tecan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Opentrons, Waters Corporation, Emerald Therapeutics, Andrew Alliance and Quartzy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pipetting robots for laboratory automation are developed.
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| domain | founded_year | HQ Location |
Provider of laboratory management system for researchers and clinicians
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| domain | founded_year | HQ Location |
Cloud-based remote lab automation software is offered for life sciences.
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| domain | founded_year | HQ Location |
Provider of automated liquid handling tools and software for scientific labs
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| domain | founded_year | HQ Location |
Lab management platform for life sciences is offered by Quartzy.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tecan
Frequently Asked Questions about Tecan
When was Tecan founded?
Tecan was founded in 1980 and raised its 1st funding round 35 years after it was founded.
Where is Tecan located?
Tecan is headquartered in Mannedorf, Switzerland. It is registered at Mannedorf, Zurich, Switzerland.
How many employees does Tecan have?
As of Dec 31, 2024, the latest employee count at Tecan is 3,590.
What is the annual revenue of Tecan?
Annual revenue of Tecan is $1.03B as on Dec 31, 2024.
What does Tecan do?
Tecan was founded in 1980 and is headquartered in Mannedorf, Switzerland. Operations focus on the life sciences and diagnostics sectors, where automated laboratory instruments and solutions are developed and supplied. Key offerings include Fluent laboratory automation systems, liquid handling robotics, readers and washers, microarray scanners, software for workflow management, and immunoassay diagnostics with integrated automation. Global distribution supports research, clinical, and industrial applications in laboratory environments.
Who are the top competitors of Tecan?
Tecan's top competitors include Opentrons, Waters Corporation and Andrew Alliance.
Is Tecan publicly traded?
Yes, Tecan is publicly traded on SIX under the ticker symbol TECN.
How many acquisitions has Tecan made?
Tecan has made 7 acquisitions, including IBL International, NuGEN, and Paramit.
Who are Tecan's investors?
Tecan has 3 investors. Key investors include HHS, European Union, and U.S. Department of Defense.
What is Tecan's ticker symbol?
The ticker symbol of Tecan is TECN on SIX.
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