Switzerland's Tecan to acquire medical device maker Paramit for USD1B

  • Switzerland's Tecan Group (OTC:TCHBF) is acquiring Morgan Hill, Calif.-based medical device maker Paramit Corp. in a USD1B deal.
  • Tecan said the acquisition will bolster its position in solutions for life sciences and in-vitro diagnostics and add a new business vertical of medical devices.
  • " Tecan will gain new highly efficient manufacturing capacity in Asia and a strong presence for its OEM business in North America," said Tecan CEO Achim von Leoprechting.
  • Meanwhile, Paramit will be able to use Tecan 's existing OEM customer base and its commercial channel to expand in the European and Asian markets, including China and beyond.
  • Paramit is expected to generate around USD280M in sales for the full year 2021.
  • Tecan will fund the transaction through a combination of cash on hand, issuance of new shares and a bond offering. The company has obtained committed bridge financing from Credit Suisse for the deal.
  • Tecan said the acquisition will be immediately accretive to EPS upon closing.
  • The transaction, which is expected to close in the coming months, is subject to closing conditions.

    Over the current book year the total revenue from the company in Maennedorf will be 820.15 million CHF (consensus estimates). This is rather significant more than 2020's revenue of 730.88 million CHF.

    Historical revenues and results Tecan plus estimates 2020

    aandelenanalyses

    The analysts expect for 2021 a net profit of 122 million CHF. The majority of the analysts expects for this year a profit per share of 10.26 CHF. Based on this the price/earnings-ratio is 47.72.

    Per share the analysts anticipate on a dividend of 2.61 CHF per share. Tecan 's dividend yield thus equals 0.53 percent. The average dividend yield of the health care companies equals a poor 1.46 percent.

    Based on the current number of outstanding shares Tecan 's market capitalization is 5.81 billion CHF. The Tecan stock was the past 12 months quite volatile. Since last July the stock is even 34 percent higher. This year the stock price moved between 357 and 498 CHF.

    Price data Tecan 2007-2021

    stock price tecan

    At 10.18 the stock trades 0.78 percent lower at 489.6 CHF.

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