Fourth-quarter sales for the Lab Equipment/Consumables Index gained 9.8% to $865 million, while operating profits improved 15.7% to $243 million. Operating margin for the same period improved 150 basis points to 28.1% of sales. For the year, Index sales rose 11.0% to $3,284 million, operating profits increased 20.3% to $700 million and operating margin jumped […]
Company Announcements Environnement SA acquired Iséo, an environmental information systems company, in 2007, for €1 million ($1.4 million). Iséo had sales of €2.2 million ($2.8 million) in 2006. Ocimum Biosolutions raised $17 million from the Kubera Cross Border Fund in a Series B round of financing. Clemex Technologies announced in January that it is reviewing […]
West Chester, PA 4/1/08—Laboratory product distributor VWR International has acquired Jencons (Scientific), a distributor with annual revenues of approximately $46 million. Based in the UK, Jencons has 110 employees and operations in Ireland, Kenya and North America. Terms were not disclosed. “Their emphasis on instrumentation and equipment will enhance our product and services offerings to […]
Waltham, MA 3/31/08—PerkinElmer has acquired LabMetrix Technologies, a provider of metrology-based multivendor analytical instrument qualification solutions. Terms were not disclosed. In 2007, LabMetrix generated revenues of approximately $5 million. “This acquisition expands our support of customers in regulated markets by combining metrology-based multivendor qualification solutions with PerkinElmer’s existing services capabilities,” commented PerkinElmer President and CEO […]
Company Announcements In 2007, Biolin AB acquired UK-based Nima Technology, a provider of Langmuir Blodgett instruments for the analysis of monolayers and of tensiometers. Brightwell Scientific announced in November 2007 that Benelux Scientific will distribute its Micro Flow Imaging particle analysis products in Belgium, the Netherlands and Luxembourg. On January 1, Setaram began exclusively distributing […]
Company Announcements Eurofins acquired Operon Biotechnologies in late 2007 and consolidated the company’s operations with Eurofins MWG and Eurofins Medigenomix for custom oligonucleotide synthesis services. In total, the three operations generate $50 million in revenues. Under a three-year research, supply and marketing agreement, Berry & Associates and Luminos will develop designer reagents to enable luminescent […]
Company Announcements Electronic Sensor Technology entered into a distribution agreement with Brechbuhler AG for Switzlerland, France, Italy and Austria in December 2007. In February, Electronic Sensor Technology announced a recapitalization agreement with Halfmoon Bay Enterprises, which will provide $5.5 million in exchange for 39%–44% ownership of its common stock, depending upon the stock’s closing price […]
Company Announcements In January, Synamatix announced a research collaboration with the Universiti Malaysia Sabah’s Biotechnology Research Institute. In January, Golden Helix launched a collaboration program, whose inaugural members include the University of California Los Angeles, Zucker Hillside Hospital, Montreal Heart Institute, Emory University, Case Western Reserve University and the University at Lübeck in Germany. CLC […]
Billerica, MA and Hayward, CA 3/4/08—Milipore has announced that it will exclusively distribute Guava Technologies’ nonclinical flow cytometers within defined fields in North America, Europe and countries in Asia. Millipore will also provide field service and develop cobranded reagent kits. In addition, the companies will jointly develop new instruments.
PricewaterhouseCoopers reports that mergers and acquisitions (M&A) activity within the energy industry is expected to be weaker this year. In 2007, the total value of deals increased from $291.1 billion to $292.2 billion. Most of this increase took place in the downstream and oil services sectors. The total value of deals in the oil field […]
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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.
