Tecan Group Completes Acquisition of SIAS
Tecan Group AG (SIX Swiss Exchange: TECN) announced today the successful completion of the acquisition of SIAS AG to further expand its partnering business. On October 27, 2015, Tecan announced to have reached agreement with the majority shareholders of SIAS to acquire SIAS AG, a leading OEM supplier of a wide range of modular and complete laboratory automation solutions. From December 1, 2015, SIAS AG will be included in the consolidated financial statements of the Tecan Group as a part of the partnering business segment.
Bär & Karrer acted as legal advisor to Tecan Group AG. The Bär & Karrer team included Ralph Malacrida, Micha Schilling, Célia Jimenez, Florian Roth, Markus Wang and Jonas Bornhauser.