Tecan Enhances Automation Solutions with New Acquisition
Tecan Enhances Automation Solutions with New Acquisition
The Tecan Group, a key player in laboratory automation, has made an important move by acquiring assets from Wako Automation. This acquisition significantly solidifies Tecan's position within the automation field, especially with the integration of Wako's flagship Director™ scheduling software and various hardware components.
Strategic Objectives for Market Expansion
This strategic acquisition reflects Tecan's commitment to broaden its market outreach beyond its renowned liquid-handling technologies. By enhancing their offerings, Tecan aims to improve workflow efficiency for customers, especially in complex lab environments. The scheduling software paves the way for increased flexibility and better integration with Tecan's advanced liquid handling systems like Fluent, creating a more comprehensive solution.
Responding to Market Demand
With the successful launch of FlowPilot software under a licensing agreement with Wako Automation, Tecan has experienced a solid rise in customer interest. The Wako acquisition not only emphasizes their growth strategy but also enhances Tecan's capabilities in robotic workcells. This evolution caters to the rising demand for sophisticated automation solutions in various sectors, including the rapidly expanding biopharmaceutical market.
Integration into Tecan Labwerx
The assets obtained will be incorporated into Tecan Labwerx, the company’s dedicated unit for custom laboratory automation systems. This integration will foster a unique intersection of software solutions and automation services tailored to the needs of high-throughput workflows.
Enhancing Customer Experiences
By consolidating Wako Automation's advanced scheduling capabilities with Tecan's established automation technologies, they are set to meet evolving customer demands for scalable, flexible, and integrated solutions.
CEO Monica Manotas expressed enthusiasm about this growth opportunity, stating, "Robotic workcells are an exciting growth area for Tecan’s automation offering. With Wako's expertise, we aim to enhance our custom lab automation services and better serve our customers." This highlights Tecan's commitment to innovation and meeting the growing challenges labs face in automation.
Company Overview: A Leader in Innovation
Tecan has been at the forefront of laboratory automation since its inception in 1980. With a workforce exceeding 3,000 employees and operations enhanced by research and development facilities in Europe, North America, and Asia, the company has established a predominant presence in over 70 countries worldwide. In the previous fiscal year, Tecan achieved impressive sales figures of CHF 934 million (approximately USD 1.062 billion), showcasing its thriving position within the industry. The registered shares of Tecan Group trade on the SIX Swiss Exchange under the ticker symbol SWX:TECN.
Contact Information for Further Inquiries
For additional details regarding the acquisition or Tecan's range of services, interested parties can reach out to Martin Brändle, Senior Vice President of Corporate Communications & IR, at +41 (0) 44 922 84 30 or via email at investor@tecan.com. To learn more about the company and its innovative solutions, visit www.tecan.com.
Frequently Asked Questions
What are the main benefits of Tecan's acquisition of Wako Automation?
The acquisition enhances Tecan's capabilities in laboratory automation, expanding its product offerings and integrating robust scheduling software with its automation platforms.
How does the Director™ software improve laboratory workflows?
Director™ software provides advanced scheduling that allows for greater flexibility and efficiency in managing complex workflows, integrating seamlessly with Tecan's systems.
What impact will this acquisition have on Tecan's market position?
This move is expected to bolster Tecan's leadership in laboratory automation by enabling the company to deliver more comprehensive automation solutions in response to market demands.
Who is the CEO of Tecan and what was her statement about the acquisition?
Monica Manotas is the CEO, and she stated that the acquisition will significantly accelerate Tecan's custom lab automation business while enhancing flexibility and scalability.
How does Tecan plan to implement the Wako automation assets?
The assets will be integrated into Tecan Labwerx, allowing the company to offer tailored automation solutions catering to customers' unique needs.
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