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HyTest Ltd.

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Year established

1994

Location

Turku Finland

Primary Industry

Biotechnology

About

Based in Turku, Finland, and founded in 1994, HyTest Ltd. develops and supplies immunological reagents for the IVD industry and research community. In September 2018, Summa Equity acquired a majority stake in HyTest Ltd. and in May 2021, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. acquired HyTest Ltd. for approximately EUR 545 million. As of 2024, the company is led by its CEO, Netta (Fatal) Keinänen. The company’s product category for the IVD industry includes monoclonal antibodies, polyclonal antibodies, sera, plasma, and antigens. The company’s clinical area-based products include cardiac markers, blood coagulation and anaemia, metabolic syndrome, kidney diseases, fertility and pregnancy, hormones, tumor markers, neuroscience, immunology and serology, inflammation, infectious diseases, veterinary, microbial, and plant toxins, biodefense, miscellaneous, and gangliosides.
Primary Industry
Biotechnology
Sub Industries
Biopharmaceuticals, Molecular Science, Genetics & Gene Therapy
Website
www.hytest.fi/
Company Stage
Acquired
Total Amount Raised
Subscriber access only

Deals

Deals Type
Trade Sale
Buyout
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed HyTest Ltd. 15 May 2021
Completed HyTest Ltd. 06 Sep 2018
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