BICO Group AB - Company Profile
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Business Description
BICO Group AB (BICO) is a company focused on enabling and automating life science laboratories. The company provides technologies, software, products, and services that support scientific research and development. The company serves industries such as molecular biology, drug discovery, and bioprocessing, offering solutions for laboratory automation, bioprinting, and life science applications. BICO caters to pharmaceutical, biopharmaceutical, cosmetic, and automotive companies; academic institutions; and the US Army. The company sells its products through its subsidiary Cellink LLC in the US. BICO markets its products in the US and Europe, Australia, Japan, South Korea, China, and India through an extensive network of distributors. The company classifies its operations into two reportable operational segments: Life Science Solutions and Lab Automation.
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R&D Overview
BICO has focused its R&D initiatives on innovation through software development and the use of AI, aligning with its strategy to optimize capital allocation in R&D. The company has developed a focused portfolio strategy, particularly emphasizing software and AI, and has a comprehensive product pipeline within its prioritized focus areas. The R&D efforts are primarily conducted in the United States, Germany, Sweden, and France, with a significant portion of investments directed towards software development. It has also implemented a Common Project Model to ensure consistency and business benefits across all projects, and a Global Project Board to improve decision-making. The company is committed to enabling end-to-end automated, reproducible, and resource-efficient scientific workflows, supporting sustainable R&D practices. The R&D activities of the company are managed by the Project Management Office (PMO), which works together with the Executive Management and the R&D teams in the business units. The PMO is responsible for establishing an R&D roadmap for the Group and ensuring consistency and business benefits through the Common Project Model. The Global Project Board also plays a role in improving decision-making by reviewing and providing recommendations for R&D projects. In FY2025, the company spent SEK119.4 million on R&D, which as a percentage of revenue, stood at 7.9% and declined 9.3% YoY. Bico Operates R&D centers in the US, Germany, Taiwan, Sweden, and France. The company's pipeline includes products like Biosero's Green Button Go updates, Cellenion's Cellen One Neo, Cytena's c.wash plus, Dispendix's Transfer Track, MatTek's epi liver and epi kidney, Q instruments' tilt station, and Scienion's Sciflexrayer s3 nano a/d. Major technology alliances include collaborations with Biosero and Dispendix.
Business Segments
Overview
Includes Biosero. Provides proprietary and hardware-agnostic Green Button Go Suite software for connected and smart workflows. Also offers automation technology integration, consulting, and engineering services to design, build, and install automated laboratory systems.
Performance
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Overview
Includes CYTENA, DISPENDIX, Discover Echo, QInstruments, SCIENION, and Cellenion. Offers advanced lab instrumentation, consumables for applications in cell culture, cell imaging, cell sorting, and sample preparation for different analytics, such as genomics. Also offers instruments and solutions for scalable manufacturing of diagnostics, consumables to enable single-cell and other workflows, and contract manufacturing services.
Performance
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Geographical Segments
- Australia
- Austria
- Belgium
- Canada
- China
- Denmark
- Finland
- France
- Germany
- Hong Kong
- Ireland
- Israel
- Italy
- Japan
- Netherlands
- Other
- Singapore
- South Korea
- Spain
- Sweden
- Switzerland
- Taiwan
- UK
- USA
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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