Princeton, New Jersey 6/13/12—Thermo Fisher Scientific has entered into an agreement to acquire Princeton Security Technologies for $0.89 per share in cash, or approximately $13 million. The price represents a 78.0% premium over the stock’s closing price on June 12. Princeton Security Technologies develops and manufactures X-ray and gamma ray detectors, spectroscopy systems and radioisotope-identifier […]
OEM agreements are a well-established part of the instrument and lab product industry. With the growing need for cost savings and faster product introductions, the use of OEM agreements is increasing. Such agreements enable partner companies to concentrate on their areas of expertise and more efficiently allocate resources. For OEM suppliers, the agreements allow for […]
Company Announcements In March, a Delaware District Court consolidated shareholders’ class action suits against Illumina’s Board, alleging breach of fiduciary duties in connection with Roche’s tender offer (see IBO 1/31/12). In February, Waters acquired the net assets of its Israeli sales and service distributor for $6 million in cash. DKSH, a provider of market expansion […]
London, UK 5/9/12—LGC Standards has acquired VHG Labs, a US-based supplier of spectrochemical standards, lab instrument consumables and product-testing services, for an undisclosed amount. “For LGC Standards, this latest acquisition builds on our strategy to increase our footprint in the US market,” said LGC Standards Managing Director David Richardson. “Importantly, it is also a good […]
San Diego, CA 5/17/12—Accelrys has acquired the Hit Explorer Operating System (HEOS), including supporting personnel, from drug discovery and development firm SCYNEXIS. HEOS is a Software-as-a-Service workspace that streamlines collaborative drug discovery. “As many of our customers move to multi-site, multi-collaborator projects to accelerate innovation and reduce costs, we look forward to broadening the applicability […]
Tokyo, Japan 5/24/12—Hitachi High-Technologies has announced an agreement to acquire SII NanoTechnology from Seiko Instruments for an undisclosed amount. Hitachi High-Technologies stated that the acquisition will enhance its core technologies, including X-ray, thermal analysis, ion optic and physical measurement technologies, as well as create synergies. SII NanoTechnology’s fiscal 2011 revenues increased 2.3% to ¥15,576 million […]
Santa Clara, CA and Glostrup, Denmark 5/17/12; Stockholm, Sweden 5/17/12—Agilent Technologies has entered into a definitive agreement to acquire cancer diagnostic firm Dako from private equity group EQT V for $2.2 billion in cash. Based in Denmark, with 2010 annual revenues of $340 million, Dako provides antibodies, reagents, scientific instruments and software primarily to pathology […]
Company Announcements Thermo Fisher Scientific appointed C. Martin Harris, MD, MBA, to its Board, effective March 30. He is the chief information officer and chairman of the information technology division of Cleveland Clinic. He is also responsible for strategic business planning. Thermo Fisher Scientific named David M. Sabatini, MD, PhD, to its Scientific Advisory Board […]
Vleuten, the Netherlands/Haan, Germany 5/2/12—The Verder Group acquired elemental analyzer supplier ELTRA GmbH in March for an undisclosed amount. ELTRA had revenues of €11 million ($15.3 million = €0.72 = $1) in 2011. “We are particularly happy that the founder and Managing Director of ELTRA, Mr. Yiannakis Polemitis, will stay in the management in the […]
Lake Forest, IL 4/30/12—Health and science technologies company IDEX has acquired ERC from MH Capital Partners for ¥1.65 billion ($21 million = ¥80.23 = $1) in cash. ERC manufactures gas liquid separations and detection solutions for the life science, analytical instrumentation and clinical chemistry markets, including in-line membrane vacuum-degassing solutions, refractive index detectors and ozone-generation […]
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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.
