London, UK 6/3/16; London, UK 6/9/16—Continental Investment Partners and Harwood Capital (the offerors) disclosed in a public filing that they are evaluating making an offer worth £62.9 million ($ 91.2 million = £0.69 = $1) for publicly held Source BioScience. Source BioScience consists of two divisions: Laboratory Services (Diagnostics, DNA Sequencing and Genomics, Analytical and […]

Skokie, IL 6/2/16; Skokie, IL 6/10/16—Integrated DNA Technologies (IDT), a provider of custom nucleic acids, has purchased two companies for undisclosed amounts. Earlier in the month, IDT purchased MBiotech, a South Korean company that has distributed IDT products for over 10 years. MBiotech also distributes other companies’ products, which it will continue to do. “MBiotech’s […]

Richmond, VA 6/9/16; New York, NY 5/13/16—Health care services and information technology firm McKesson has purchased LABSCO from Frazier Healthcare Partners for an undisclosed amount. The purchase was completed on May 13. A distributor of capital equipment and private label products, LABSCO provides lab solutions to community hospitals, large doctors’ offices and specialty regional labs. […]

Company Announcements Sartorius 2015 sales grew 25.1%, 16.0% organically, to €1.1 billion ($1.2 billion) (see IBO 4/15/16). Adjusted operating profit grew 52.5% to €204.9 million ($227.7 million). Lab Products & Services (LPS) revenue increased 5.0% excluding currency to €305.5 million ($339.5 million), with sales in Asia Pacific, EMEA and the Americas up 11.4%, 2.9% and […]

London, UK 5/23/16; Stansted, UK 5/23/16; London, UK 5/25/16—Publicly held Elektron Technology, a supplier of engineered products for companies that connect, monitor and control, has sold its Agar Scientific business to management and private equity group Foresight Group for £2.3 million ($3.4 million = £0.68 = $1) in cash. Foresight Group invested £1.9 million ($2.8 […]

Waltham, MA and Hillsboro, OR 5/27/16—Thermo Fisher Scientific has made an offer to acquire publicly held FEI for $107.50 per share, or $4.2 billion (excluding $400 million of FEI cash) in cash and debt. This is a 13.7% premium over the closing price on May 26. A designer and manufacturer of high-performance electron microscopes, FEI […]

Analytical instrument and lab product company executives’ expectations have diminished since last fall, according to the latest IBO Business Climate Survey. This is not a surprise considering updated macroeconomic forecasts. In April, the International Monetary Fund revised its January projections for global growth downward two-tenths of a percentage point to 3.2%. This followed a February […]

Company Announcements Beijing SDL Technology, a Chinese supplier of environmental monitoring and analysis products, acquired a majority share of Kore, a provider of MS systems for the lab, process and surface science markets, in October 2015. In November 2015, Fluidigm purchased patents related to ICP-based mass cytometry from PerkinElmer for $6.5 million. Fluidigm granted PerkinElmer […]

Madrid, Spain and Heidelberg, Germany 5/9/16—SYGNIS, a publicly held provider of products for DNA sample enrichment and nucleic acid analysis, has agreed to acquire Expedeon through a majority share offering and €1.7 million ($1.9 million = €0.88 = $1) in cash. UK-based Expedeon develops, manufactures and sells proteomics reagents. The companies’ combined 2016 revenues are […]

Fremont, CA and Mountain View, CA 5/13/16—Takara Bio USA (TBUSA), a provider of life science reagents and kits, has announced an agreement to acquire single-cell analysis instrument firm WaferGen Bio-systems. TBUSA will pay up to $50.0 million based on a 1.0–3.5 multiple of WaferGen’s 2016 revenues. “The combination of TBUSA’s RNA-seq and T Cell Receptor […]