Artel, Inc.

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Artel, Inc. - overview

Established

1982

Location

-, ME, US

Primary Industry

Biotechnology

About

Based in Maine, US, and founded in 1982, Artel, Inc. develops and manufactures accurate, precise, and easy-to-use verification and calibration systems for low-volume liquid delivery measurement and quality assurance for laboratories worldwide. The firm also provides training and certification as well as on-site verification services, and process management software for ensuring NIST (National Institute of Standards and Technology)-traceable results in life science laboratories. In April 2022, Advanced Instruments, LLC, a portfolio company of Investor AB and Patricia Industries, agreed to acquire Artel.


The company’s product line includes MVS (multichannel verification system) to assess the accuracy and precision of liquid transfers dispensed into each well simultaneously by automated liquid handlers and multichannel handheld pipettes, PCS (pipette calibration system) to streamline pipette calibration, volume verification, and user assessment and training with this easy-to-use and affordable system for handheld pipettes, and PCS software to manage pipette calibration program, train pipette users, and assess pipette user competency. Artel also offers multiple services, including accredited calibration service, artel liquid handling service, pipetting proficiency certification, and pipette quality management certification.


Primary Industry

Biotechnology

Sub Industries

Bioinformatics, Analytics & Performance Software

Website

www.artel-usa.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Artel, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onAnnouncedArtel, Inc.-

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