Serres Oy
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Serres Oy - overview
Established
1973
Location
-, -, Finland
Primary Industry
Medical Devices & Equipment
About
Based in Finland, Serres Oy, formerly known as Muoviserres Oy specializes in advanced surgical fluid management solutions, providing innovative surgical suction systems and single-use suction bags designed to enhance patient safety and streamline surgical procedures. Founded in 1973, Serres Oy is dedicated to the development of surgical fluid management technology. Serres Oy operates its headquarters in Finland and has established a global presence through its distribution in over 50 markets, including locations in Europe and North America. In January 2026, G Square agreed to acquire a majority stake in Serres Oy from Paree Group, with financial terms undisclosed.
Serres specializes in the development and provision of advanced surgical fluid management solutions, prominently featuring their surgical suction systems and single-use suction bags. These products are engineered to ensure efficient and safe collection and management of surgical fluids, mitigating risks associated with contamination. The suction bags are designed to support over 80,000 procedures daily across various healthcare settings, emphasizing their role in enhancing patient safety and operational efficiency. This closed-loop system minimizes contact with collected fluids, catering primarily to healthcare professionals such as surgeons and nurses.
Serres products are distributed in more than 50 global markets, including Europe, North America, Asia-Pacific, and select regions in the Middle East and Africa, ensuring a wide-reaching customer base that prioritizes safe and sustainable practices in surgical environments. The revenue model of Serres is primarily based on direct business-to-business transactions with healthcare institutions and distributors. The company supplies its innovative suction bags and related accessories, which are typically purchased in bulk through contractual agreements or partnership arrangements with hospitals and surgical centers. By focusing on high-quality, durable products, Serres ensures repeat business from established clients that rely on their solutions for daily surgical procedures.
Given the essential nature of their products in the operating room, pricing structures are often tailored to institutional needs, with bulk pricing incentives for larger orders. This approach solidifies Serres' position in the market while facilitating sustained revenue growth through consistent demand for their flagship products. In January 2026, Serres Oy is set to expand its services and accelerate growth following G Square's acquisition of a majority stake. The company plans to design and launch new product offerings aimed at further enhancing surgical fluid management solutions.
Specific markets targeted for expansion include regions in Asia-Pacific and the Middle East, with efforts to establish a stronger foothold by 2027. Recent funding will play a crucial role in supporting these initiatives, enabling Serres Oy to enhance its product development and market penetration strategies.
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Equipment Distributors, Medical Supplies
Website
www.serres.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Serres Oy - financials
| Fiscal Year Ended | 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) | 27,826,715 | 25,855,959.5 | 28,855,542.2 | 31,253,903 | 30,365,236 | 30,218,701.3 | 30,414,279.6 | - | - | - |
| % Revenue Growth (YoY) | - | (7.1%) | 11.6% | 8.3% | (2.8%) | (0.5%) | 0.6% | - | - | - |
| EBITDA (USD) | 6,378,710.7 | 5,385,453.7 | 4,239,661.9 | 3,518,389 | 3,028,573.1 | 5,731,885.6 | 4,327,538.8 | - | - | - |
| Operating Income (USD) | 4,592,350.9 | 3,648,557.2 | 2,538,721.5 | 1,858,220 | 1,100,295.2 | 3,828,320.7 | 2,557,206.5 | - | - | - |
| Operating Margin | 16.5% | 14.1% | 8.8% | 5.9% | 3.6% | 12.7% | 8.4% | - | - | - |
| % EBITDA Margin | 22.9% | 20.8% | 14.7% | 11.3% | 10.0% | 19.0% | 14.2% | - | - | - |
| NET Income (USD) | 1,499,932.6 | 174,973.6 | 1,217,761.8 | 998,440.6 | 1,010,067.5 | 1,461,732.2 | 1,185,954.7 | - | - | - |
| % Net Margin | 5.4% | 0.7% | 4.2% | 3.2% | 3.3% | 4.8% | 3.9% | - | - | - |
Serres Oy - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Announced | Serres Oy | - |
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