West Chester, PA 11/6/07—VWR International has purchased Omnilabo BV, a Netherlands-based distributor of laboratory products, from private equity firm Nimbus. Founded in 1979, Omnilabo has 42 employees based in the Netherlands and Belgium. “The acquisition of Omnilabo is a great fit with our Dutch and European distribution operations,” said Manuel Brocke-Benz, senior vice president and […]
It was another year of largely bolt-on acquisitions for major analytical instrument companies. The only pure-play instrumentation deal worth more than $1 billion was Madison Dearborn’s acquisition of VWR International (see IBO 5/15/07). However, acquisitions for companies in which laboratory instruments or associated products are one segment of the company’s many businesses yielded two deals […]
Farfield Scientific entered into a strategic partnership with Monash University to create biosensor surfaces for the structural analysis of membrane protein function. SEQUENOM named Richard Lerner to its Board in July. He is president of the Scripps Research Institute. A consortium that includes deltaDOT, Xcellerex, BioPharm Services and Dowpharma was awarded a $7.9 million DARPA […]
M.u.t. AG, a provider of spectrometer, lab automation and OEM solutions, issued its IPO in July on the Entry Standard segment of the German Stock Exchange at €10.25 ($13.88) per share to raise €10.2 million ($13.8 million). In the first half of 2006, the company reported revenues of €6.37 million ($8.63 million). Electronic components company […]
BioSolveIT agreed to market Molecular Networks GmbH products in North America. Accelrys appointed Jeffrey Rodek, former executive chairman of Hyperion Solutions, to its Board in August. He replaces Dr. Gary Costley. In September, Biomax Informatics AG acquired the operative business of data mining company eudaptics software GmbH, creating the Viscovery Software GmbH subsidiary. CLC bio […]
Portland, OR 10/25/07; Waltham, MA 10/25/07—FLIR Systems, a provider of thermal imaging and stabilized camera systems, has agreed to purchase test and measurement firm Extech for $40 million in cash. Extech supplies products for measurements of light, sound, temperature, humidity, air flow and water quality. Extech had 2006 revenues of $39.2 million. FLIR stated that […]
Shimadzu China and GL Sciences established a 70-30 joint venture to market and sell their parts, consumables and supplies for sample pretreatment in China. Operations commenced October 1 with 12 employees and projected sales of ¥1 billion ($8.2 million) by fiscal 2010. Advion BioSystems acquired NanoTek, a microfluidic chemistry solutions company, in August. NanoTek President […]
Northbrook, IL 10/18/07—IDEX has purchased Isolation Technologies, a developer of advanced HPLC column hardware and accessories, for just under $30 million in cash. Based in Hopedale, Massachusetts, Isolation Technologies has annual revenues of around $11 million. The company will join Isolation Technologies’ Sapphire Engineering business within IDEX’s Health and Science Technologies segment and is expected […]
Johannesburg, South Africa 10/26/07; London, UK 10/26/07—Industrial conglomerate Barloworld has sold its Scientific Laboratory Group to Nova Capital Management for £75 million ($153.7 million). The Scientific Laboratory Group consists of five product lines: Pyrex lab glassware, Sterilin and Azlon lab plasticware, Stuart temperature control and motion equipment, Techne temperature control and calibration equipment, and Jenway […]
Gaithersburg, MD 10/15/07; Indianapolis, IN 10/15/07—Gene Logic has agreed to sell its Genomics assets to Ocimum Biosolutions for $10 million in cash. The Genomics business includes the BioExpress System and ToxExpress System databases, Genesis Enterprise System bioinformatics software and a microarray services business. In 2006, revenues for Gene Logic’s Genomics business declined 57.1% to $24.3 […]
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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.
