Cary, NC 3/26/10—SciQuest, a provider of on-demand strategic procurement and supplier enablement solutions, has filed a registration statement for an initial public offering of its stock. The number of shares to be offered and price range have not been set. SciQuest’s revenues grew 21.5% to $36.2 million in 2009. Among the products for which SciQuest […]
In late March, the US Administration’s Office of Science and Technology Policy published its summary of research infrastructure funding in President Obama’s fiscal 2011 budget (October 1, 2010–September 30, 2011). The budget request is likely to be changed before it is approved by Congress; therefore, initial figures for fiscal 2011 are incomplete. However, the report […]
Company Announcements Millipore named Dr. Robert S. Langer, the David H. Koch Institute Professor at MIT, to its Board. He replaces Dr. Daniel Bellus. PerkinElmer OneSource, which provides an integrated service suit, and VWR are developing a joint offering for multivendor maintenance and qualification services. PerkinElmer’s Chief Administrative Officer Richard F. Walsh announced he will […]
Männedorf, Switzerland 3/4/10—Laboratory automation provider Tecan announced in its 2009 earnings release that it is “exploring a wide range of strategic alternatives” for its Sample Management business. The business primarily consists of REMP, which Tecan purchased five years ago for CHF 92 million ($73.3 million) (see IBO 6/15/05). REMP provides compound storage systems, consumables, software […]
The US equity markets fluctuated in February due to mixed economic data, interest rate hike fears and global debt worries. On February 4, a climb in initial jobless benefits and concerns over European nations’ ability to finance debt led the Dow Jones Industrial Average, S&P 500 and NASDAQ down 2.6%, 3.1% and 3.0%, respectively. Negotiations […]
Sales improved sequentially in the fourth quarter of calendar year 2009 for major publicly traded analytical and life science instrument companies. Firms remained optimistic about improved economic conditions this year, with many forecasting a gradual improvement in sales as the year progresses. However, as many also noted, results will also benefit from favorable year-over-year comparisons. […]
Funding for many American Recovery and Reinvestment Act (ARRA) (see IBO 4/30/09, 6/15/09) programs has been disbursed for almost six months now, but much of the money for many instrument- and facilities-specific programs has only begun to be released in the past few months. Instrument companies have reported moderate spikes in 2009 sales due to […]
Twelve of the 21 companies in the IBO Laboratory Instrument Sales Index reported fourth-quarter earnings before this issue’s publication. For these companies, revenues grew 7.5%, operating profits climbed 11.0% and operating margins improved 80 basis points to 21.0% of sales. Total fourth-quarter revenue and operating profits for the Index are estimated to have grown 5%–6% […]
The new year has brought uncertainty, as investors fear the economic recovery may be a masquerade. New US economic data revealed a sharp decline in home sales and a smaller-than-expected improvement in durable-goods orders and jobless claims. In addition, the political divergence between the major banks and Obama Administration over regulations, coupled with the uncertainty […]
Waltham, MA 1/19/10—Thermo Fisher Scientific has signed a definitive agreement to acquire Ahura Scientific for $145 million in cash plus the potential for earn-out payments based on 2010 financial targets. Ahura Scientific provides miniaturized Raman and FT-IR spectroscopy instruments for safety, security and pharmaceutical applications. The 120-employee company had 2009 revenues of $45 million. “The […]
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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.
