Detection Technology Plc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Detection Technology Plc - overview
Established
1991
Location
Oulu, -, Finland
Primary Industry
Electronics
About
Detection Technology Plc specializes in advanced X-ray imaging solutions, providing high-performance digital detector technologies for medical, security, and industrial applications, ensuring safety and efficiency across various sectors. Detection Technology Plc is a firm founded in 1991 in Oulu, Finland, focusing on advanced imaging technologies. CEO Hannu Martola leads the company, which has undergone strategic pivots since its inception. The company raised funding from Bocap in April 2013, although financial terms were not disclosed.
Detection Technology has one reported deal, reflecting its commitment to growth and innovation. Detection Technology specializes in advanced X-ray imaging solutions, focusing on high-performance digital detector technologies for medical, security, and industrial applications. Their products include the first standard 16-slice and 32-slice solutions for medical CT imaging, plug-and-play detector subsystems for security, and multi-energy X-ray detector boards for industrial scanning. They serve a diverse clientele, including healthcare institutions, security agencies, and industrial manufacturers globally, particularly in Europe, North America, and Asia-Pacific, tailoring products to enhance safety and efficiency while meeting stringent regulatory requirements.
Detection Technology generated revenue of USD 103. 88 mn in 2022, with an EBITDA of USD 9. 51 mn for the same year. The company’s revenue model focuses on direct sales of advanced detector products and systems to B2B clients in medical, security, and industrial sectors, often involving large-scale contracts that address specific operational needs.
Their flagship products, such as the X-ACE series for medical imaging and the Aurora CT for security applications, are integral to their offerings. Detection Technology plans to launch new products aimed at enhancing their existing X-ray imaging solutions, although specific release dates are yet to be announced. The company is focused on expanding into new markets, particularly targeting regions in Asia-Pacific and North America by 2025. Recent funding from Bocap will be utilized to support these initiatives, allowing for further development of their product line and strengthening their market presence.
Current Investors
Bocap
Primary Industry
Electronics
Sub Industries
Medical Devices & Equipment, Integrated Circuits, Electronic Components
Website
www.deetee.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Detection Technology Plc - timeline of key events
Detection Technology Plc - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 24,821,287.7 | 30,323,341.4 | 33,111,533.2 | 42,781,654 | 75,508,871.7 | 89,003,049.2 | 93,916,146.4 | 102,480,113 | 81,561,340 | 89,813,298 | - | - | - |
| % Revenue Growth (YoY) | - | 22.2% | 9.2% | 29.2% | 76.5% | 17.9% | 5.5% | 9.1% | (20.4%) | 10.1% | - | - | - |
| EBITDA (USD) | 3,782,817 | 4,425,571.1 | 3,800,827.5 | 4,648,332.8 | 17,329,967 | 22,118,789.9 | 20,872,589.9 | 19,900,558 | 11,968,142 | 13,859,119 | - | - | - |
| Operating Income (USD) | 3,301,994.5 | 3,835,131.8 | 3,078,848.9 | 3,436,912.8 | 14,808,362.2 | 19,892,790.7 | 18,521,822.3 | 17,019,488 | 8,713,861 | 10,579,635 | - | - | - |
| Operating Margin | 13.3% | 12.6% | 9.3% | 8.0% | 19.6% | 22.4% | 19.7% | 16.6% | 10.7% | 11.8% | - | - | - |
| % EBITDA Margin | 15.2% | 14.6% | 11.5% | 10.9% | 23.0% | 24.9% | 22.2% | 19.4% | 14.7% | 15.4% | - | - | - |
| NET Income (USD) | 1,018,645.1 | 2,665,240.4 | 2,757,443.4 | 930,214.9 | 10,890,805.9 | 15,152,068.3 | 14,866,197.2 | 12,475,054 | 6,735,055 | 9,308,625 | - | - | - |
| % Net Margin | 4.1% | 8.8% | 8.3% | 2.2% | 14.4% | 17.0% | 15.8% | 12.2% | 8.3% | 10.4% | - | - | - |
Detection Technology Plc - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Detection Technology Plc | - |
Displaying 1 - 1 of 1
Detection Technology Plc - employee data
Detection Technology Plc - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board of Directors | BM | ||||||
| Chairman of the Board | BM | ||||||
| Chairman Of The Board | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.