Sunnyvale, CA and Toronto, Canada 1/29/07—MDS has signed a definitive agreement to purchase Molecular Devices for $615 million in cash, or $35.50 per share, a 49% premium over the January 26 trading price. In the first 12 months, the acquisition is expected to add $190 million in revenues and $45–$50 million in EBITDA (earnings before […]
The proposed acquisition of Molecular Devices by MDS Sciex (see page 2) will create a company with an estimated $470 million in fiscal 2006 revenues, putting it among the top 20 companies in the analytical and life science instrument industry (see IBO 4/15/06). In essence, the purchase transforms MDS Sciex into a full-blown instrument company, […]
Company Announcements Axsun Technologies opened a direct office in the UK in 2006. Endress+Hauser opened a new production site in Suzhou, China to manufacture level, pressure, temperature and analytical measuring devices. Three production centers will move to the 7,850 sq. meter building. Bay-Tec Engineering licensed Finesse’s TruBio Bioreactor Control Operating System. Sionex named Eric Kirleis […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
