Sias acquires Xiril

Xiril AG was founded in 2001 by a team of specialists with more than thirty years experience in the liquid handling industry. The company's business is the development of systems and solutions for the life science industry and for diagnostic applications. Xiril AG is domiciled in the "Pipetting Valley" and has 25 employees. The company has a global distribution network in all the world's relevant markets.

The decision to combine two complementary technologies and mutually supportive product platforms further consolidates Sias' position as a leading supplier of robotic liquid handling systems and as the partner of choice for efficient, affordable automation projects worldwide. The acquisition enables the company to maintain rapid growth, increases market share and sharpens its competitive edge in a market that still has enormous potential. The acquisition complements the company's operations in Europe and China. Automatic liquid handling is today’s industry standard in the pharmaceutical and diagnostic sectors, saving time and money, and helping laboratories to meet strict regulatory requirements.

The undisclosed purchase price will be paid in company stock. The company will be based at Sias headquarters and the existing premises will be expanded. Sias management wishes to retain as many Xiril employees as possible. André Günter, CEO of Sias, will continue to hold this position in the new company and one change will be made to the Sias Board, which currently consists of five directors. The local area, known to industry insiders as the "Pipetting Valley", has no shortage of suppliers who are able to develop and manufacture the mechanical components required by the life science industry.

The acquisition and the joint growth strategy is further proof of the company's commitment to the upper Lake of Zurich region.