In the second quarter of 2011, revenues for IBO’s Laboratory Sales Index grew 12.2% to $5,659.71 million, including 3.9% growth from currency. Operating profit rose 15.0% to $1,131.55 million, but operating margin was unchanged at 18.9% of sales. Dionex was removed from the Index following its purchase by Thermo Fisher Scientific on May 17 (see […]
Rye, NY 7/7/11; Farnborough, UK 7/7/11—Spectro, a provider of instrumentation for oil and fuel analysis, has been acquired from QinetiQ by SFW Capital Partners, CEO Suneet Chadha and senior management for a total cash consideration of £20.5 million ($32.9 million = £0.62 =$1). The sale is expected to generate proceeds of £17 million ($27.2 million). […]
Port Washington, NY 8/8/11; Lake Forest, IL 8/8/11—Pall has appointed Larry Kingsley as president and CEO effective October 3. Mr. Kingsley was previously chairman, president and CEO of IDEX. He replaces Eric Krasnoff, who announced his retirement earlier this year (see IBO 3/15/11). To replace Mr. Kingsley, IDEX has promoted Andrew Silvernail to CEO effective […]
Radnor, PA 8/4/11—VWR International announced it has acquired LabPartner (Shanghai), a Chinese provider of lab equipment, reagents, consumables and services for the pharmaceutical and biopharmaceutical industries, with a focus on chemical distribution. Financial details were not disclosed. “VWR’s acquisition of LabPartner strengthens our position in China by increasing our scale, geographic reach and supplier offerings […]
Washington, DC 8/2/11—In a filing with the SEC, Bruker has disclosed that it is investigating anonymous allegations of improper conduct at the Chinese operations of its Bruker Optics subsidiary. The Audit Committee of Bruker’s Board has begun an investigation, assisted with outside counsel and a forensic consulting firm. Bruker stated in the filing: “To date, […]
Egham, UK 8/15/11—Spectris has agreed to acquire Omega Engineering for $475 million on a debt- and cash-free basis. Omega Engineering provides a broad range of process measurement and control instrumentation to industrial and academic markets. Spectris stated that the company has a differentiated customer service model, which emphasizes quality, availability, customization and delivery speed. “We […]
The IBO Design Awards strive each year to recognize the best industrial design of analytical and life science instruments. Industrial design refers to the visual appearance of the instrument, including how the exterior features interact with a user. Industrial design features include shape, color, material and form. Such features dictate the user’s interaction with the […]
This spring, the National People’s Congress approved China’s 12th Five-Year Plan for 2011 to 2015. China’s five-year plans set the country’s economic and social priorities during the period. China is one of the fastest-growing markets for analytical and life science instrumentation. The goals of the Plan emphasize many of the same sectors that have fueled […]
The Dow Jones Industrial Average, S&P 500 and NASDAQ fell 2.2%, 2.1% and 0.6% in July. Wall Street’s anxiety was elevated due to political gridlock over how to raise the debt ceiling and the possibilities of a US Treasury credit downgrade. Economic data did little to mitigate the downward pressure as durable goods orders and […]
Franklin Lakes, NJ 7/26/11—BD (Becton, Dickinson and Company) has named President and COO Vincent A. Forlenza CEO and president, effective October 1. He will also become a member of the Board. He replaces Chairman and CEO Edward J. Ludwig, who will continue to serve as chairman through June 2012. “This change in leadership is the […]
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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.
