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SPT Labtech Limited

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Year established

2001

Location

Hertfordshire UK

Primary Industry

Biotechnology

About

Based in Melbourne, England, abd founded in 2001, SPT Labtech Limited, formerly known as TTP Labtech Limited, offers data driven solutions for life sciences applications such as drug discovery, molecular biology and genomics and structural biology to eliminate drug-discovery bottlenecks. In June 2022, EQT agreed to acquire SPT Labtech Limited from Battery Ventures for GBP 650 million. As of January 2024, David Newble is the Chief Executive Officer (CEO) of the company. SPT Labtech Limited has accelerated its research and development activities by working together, applying expertise, and utilizing technical solutions. GlaxoSmithKline plc, Dart NeuroScience LLC, and Abcam plc are some of the notable partners. The company's product portfolio includes offerings such as Dragonfly Discovery, Dragonfly Crystal, Mosquito HV Genomics, Mosquito LV Genomics, Mosquito Xtal3, Mosquito (LCP, HV, LV, X1, and Crystal), Chameleon, Arktic XC, Arktic, comPOUND, and Lab2Lab, which benefit scientists, service teams, and budget holders. SPT Labtech utilized pneumatic technology to create a pharmaceutical research and development instrument capable of sorting, storing, and transporting samples. Additionally, the organization uses positive displacement pipetting for liquid handling. Additionally, SPT Labtech offers an automated online analysis solution that incorporates Nanoscale chemistry to improve drug discovery research. The company also provides technical support and instrument relocation services, which include pre-inspection, decommissioning, transportation, reinstallation, and testing of instruments. SPT Labtech provides application support services such as annual preventive maintenance, phone and email assistance, remote access support, application software updates, user training, and performance optimization sessions.
Primary Industry
Biotechnology
Sub Industries
Biopharmaceuticals, Diagnostic, Medical & Imaging Laboratories
Website
www.sptlabtech.com
Company Stage
Mature
Total Amount Raised
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Timeline of Key Events

TimeLine Events

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin
31 Mar 2011
11,370,000
-
(1,480,000)
(13%)
(1,042,000)
(9.2%)
(1,438,000)
(12.6%)
31 Mar 2012
11,869,000
4.4%
(947,000)
(8%)
(449,000)
(3.8%)
(979,000)
(8.2%)
31 Mar 2013
12,125,000
2.2%
(1,235,000)
(10.2%)
(860,000)
(7.1%)
(285,000)
(2.4%)
31 Mar 2014
17,446,000
43.9%
803,000
4.6%
1,113,000
6.4%
833,000
4.8%
31 Mar 2015
18,035,000
3.4%
(9,000)
(0%)
343,000
1.9%
65,000
0.4%
31 Mar 2016
19,176,000
6.3%
(1,901,000)
(9.9%)
(1,550,000)
(8.1%)
(2,046,000)
(10.7%)
31 Mar 2017
21,477,000
12%
(805,000)
(3.7%)
(440,000)
(2%)
(1,021,000)
(4.8%)
31 Mar 2018
24,422,000
13.7%
(687,000)
(2.8%)
(36,000)
(0.1%)
(881,000)
(3.6%)
31 Mar 2019
25,527,000
4.5%
229,000
0.9%
798,000
3.1%
68,000
0.3%
31 Mar 2020
31 Dec 2020
31 Dec 2021

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Deals

Deals Type
Secondary Buyout
Add-on
Add-on
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 SPT Labtech Limited 22 Jun 2022
Completed BioMicroLab, Inc. 15 Feb 2021
Completed Apricot Designs, Inc. 20 Jan 2021
Completed SPT Labtech Limited 27 Sep 2018
Displaying 1-4 of 4

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