Stratec Biomedical designs and manufactures sophisticated automated instruments and software for global companies like DiaSorin, Abbott and Siemens. It is rooted in long-term relationships (68.6% of 2012 revenues were from four customers), growing profits over 10-15-year product life cycles with an installed base of perhaps 12,000 units generating service part revenues. Sales have grown at an average of 20% per year since the 1998 IPO.

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