Metir plc
MET.L
London Stock Exchange0.85
GBp
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- -
Metir plc
MET.L
(London Stock Exchange)
Recent
price
0.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Metir plc is an international developer and provider of mobile and point-of-use water and environmental testing solutions, focused on rapid, accurate analytical testing for public health and environmental monitoring. Founded in 1998 and headquartered in York, United Kingdom, Metir operates through two established divisions, Modern Water and Microsaic Systems, delivering integrated testing devices, consumables, and related services across global markets. Main products and services - QuickChek SRB kit family for rapid detection of sulphate-reducing bacteria, including upgraded QuickChek®SRB kits with production resumed for Q2 2025, designed to deliver test results in minutes; - Water testing instruments and analytical systems enabling real-time monitoring of water quality and contaminants; - Microelectronics instrumentation for environmental health markets, combining hardware, software, and sensor-based solutions; - Consumables and reagents used in on-site and laboratory testing workflows; - Software and data analytics services to support remote monitoring, data integration, and decision support for water utilities and regulators; - Design and engineering services for hardware, software, and sensing components through partnerships and collaboration agreements; - Testing solutions for PFAS and other toxic substances leveraging proprietary detection technologies; - Remote-enabled instruments and IoT-enabled sensing platforms that facilitate continuous data collection and real-time reporting; - Training, support, and maintenance services to ensure reliable operation of testing systems and data platforms; - Project development and implementation services for water safety and environmental monitoring programs. Latest major company changes - February 2025 name change from Microsaic Systems plc to Metir plc, aligning branding with Modern Water assets and expanding the corporate scope; - 2025 operational update signaling resumed production and commercial rollout of upgraded QuickChek®SRB kits due to strong commercial interest; - 2025–2026 strategic activities include expansion into water safety programs in Saudi Arabia as part of a UK-backed trade mission and engagement with national water programs under Vision 2030; - 2025–2026 ongoing integration of Modern Water and Microsaic Systems assets to broaden water testing capabilities, including PFAS detection and end-to-end testing solutions; - Deployment of a revenue model shift toward recurring revenues, leveraging hardware, software, and design services to supplement traditional equipment sales; - Expansion of distributor and partner networks to support direct sales and regional deployments across multiple geographies. Additional context - Industry and segments: mobile and point-of-use water testing; environmental testing and toxin detection; microelectronics instrumentation; analytical sensing solutions; water safety and PFAS detection. - Target markets: water utilities, regulators, environmental agencies, industrial clients, and mobile/laboratory testing environments. - Geographic footprint: operations and customers worldwide with a focus on Europe, the Middle East, and North America; distribution through regional partners and direct sales channels. - Corporate structure: dual-brand platform integrating Modern Water and Microsaic Systems assets under Metir plc, with potential parent/subsidiary relationships as part of ongoing integration and expansion efforts. - Founding year and headquarters: founded in 1998; headquarters in York, United Kingdom. - Notable subsidiaries or brands: Modern Water; Microsaic Systems; brand consolidation under Metir plc following the 2025 name change.
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