Pittsburgh, PA 6/11/10—Wheaton Industries, a manufacturer and repackager of lab supply and packaging products, has been acquired by PNC Equity Partners. Financial details were not disclosed. Wheaton provides laboratory products including glass vials, plastic containers and accessories, and sells directly to specialty OEMs and diagnostic instrument companies. “We were particularly attracted to Wheaton’s growth prospects, […]
Washington, DC 5/5/10; Washington, DC 5/21/10; Washington, DC 5/27/10—Symyx Technologies, which last month entered into a merger agreement with Accelrys (see IBO 4/15/10), announced in SEC filings that a competitor has updated its merger proposals initially made during Symyx’s negotiations with Accelrys. The latest revised offer, made on May 24, is for $6.75 per share […]
Billerica, MA 5/19/10—Bruker has completed the acquisition of Varian’s ICP-MS, laboratory GC and triple quadrupole–GC instrument product lines (see IBO 3/15/10), which make up the new Chemical Analysis Division (CAD), part of the Bruker Daltonics MS business (see IBO 4/15/10). More than 250 former Varian staff have joined Bruker as a result of the acquisition. […]
Dublin, Ireland 5/26/10; Phillipsburg, NJ 5/26/10—Covidien has agreed to sell its Specialty Chemicals business to an affiliate of private equity firm New Mountain Capital for a cash purchase price of $280 million. Fiscal 2009 sales of Specialty Chemicals products totaled $414 million. The Specialty Chemicals business manufactures and supplies high-purity chemicals to the lab, pharmaceutical […]
Bothell, WA 5/27/10—Sonosite, a provider of impedance cardiography equipment, has signed an agreement to acquire VisualSonics for $71 million net of cash and debt. VisualSonics provides real-time ultra high-frequency micro-ultrasound technology for the preclinical research market. “Our intention is to integrate VisualSonics’ micro-ultrasound technology with SonoSite’s miniaturization competency and user design to deliver ultra high-frequency […]
First-quarter revenues for IBO’s Laboratory Instrument Sales Index climbed 10.2% to $4,713.32 million, including 3.9% growth from currency transactions. Operating profit improved 23.8% to $871.20 million, and operating margin climbed 200 basis points to 18.5% of sales. Revenues benefited from improved demand and a weak year-over-year comparison, while cost saving initiatives sustained operating profit growth. […]
Belfast, Northern Ireland 4/14/10; London, England 4/14/10—Andor Technology, a supplier of digital cameras, has acquired Photonic Instruments and Imaginative Optics for $5.0 million, the issue of 156,627 ordinary shares at 2p ($0.03) each and earn-out provisions. Photonic Instruments develops and manufactures laser and lamp-based illumination and ablation systems for confocal and widefield microscopy. In 2009, […]
Hong Kong 4/21/10—Techcomp has announced a strategic alliance with Shanghai Precision & Scientific Instruments for the manufacture and sale of analytical balances in China. The companies have formed Techcomp Jingke Scientific Instruments, in which Techcomp holds a 51% share and Shanghai Precision holds a 49% share. Techcomp Jingke Scientific Instruments will acquire Shanghai Precision’s analytical […]
Santa Clara, CA 5/14/10—Agilent Technologies has finalized its purchase of Varian for $1.5 billion in cash (see IBO 7/31/09). “The Varian acquisition—the largest in our company’s history—furthers our evolution toward becoming a global leader in bio-analytical measurement,” stated Agilent President and CEO Bill Sullivan. “We’re gaining tremendous talent and technology. And for our customers, this […]
Lansing, Michigan 4/1/10—Neogen, a provider of food and animal safety testing products, has acquired all of the outstanding shares of GeneSeek, an agricultural genetics laboratories, for $13.8 million in cash and contingent payments based on future performance. Based in Lincoln, Nebraska, with 36 employees, GeneSeek generated 2009 revenues of $12.5 million. Neogen CEO and Chairman […]
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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.
