Tecan Considers Strategic Options for Sample Management Business

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The Sample Management business posted a small operating profit in 2009 (see page 10), compared to a loss in 2008. However, orders last year declined. In its conference call, Tecan noted the variability of the segment’s large projects business.

Männedorf, Switzerland 3/4/10—Laboratory automation provider Tecan announced in its 2009 earnings release that it is “exploring a wide range of strategic alternatives” for its Sample Management business. The business primarily consists of REMP, which Tecan purchased five years ago for CHF 92 million ($73.3 million) (see IBO 6/15/05). REMP provides compound storage systems, consumables, software and services. (For Tecan’s 2009 results, see page 12.)

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