According to a new report from KPMG, merger and acquisitions activity in the chemical industry will increase due to purchases by Middle Eastern and Asian companies. Due to the economic hardships of the past year, Western chemical firms are divesting assets, particularly bulk-chemical businesses. By purchasing assets, Middle Eastern companies will gain facilities, technology and […]
The new year has brought uncertainty, as investors fear the economic recovery may be a masquerade. New US economic data revealed a sharp decline in home sales and a smaller-than-expected improvement in durable-goods orders and jobless claims. In addition, the political divergence between the major banks and Obama Administration over regulations, coupled with the uncertainty […]
San Diego, CA 1/15/09—Sequenom has settled a consolidated securities class action lawsuit. Filed between April and June 2009 in the US District Court for the Southern District of California, the 12 suits charged certain Sequenom’s officers and directors with violations of the antifraud provision of US securities law by making false and misleading statements about […]
Washington, DC 1/28/10—In its fourth-quarter earnings conference call, Danaher announced that Hach Lange has purchased Crison Instruments SA, a manufacturer of electrochemistry instruments and consumables. “Crison’s high-quality, easy-to-use product portfolio strengthens Hach Lange’s e-chem lab and process business,” commented H. Lawrence Culp Jr., CEO and president of Danaher. According to a letter to customers, Crison […]
Waltham, MA 1/19/10—Thermo Fisher Scientific has signed a definitive agreement to acquire Ahura Scientific for $145 million in cash plus the potential for earn-out payments based on 2010 financial targets. Ahura Scientific provides miniaturized Raman and FT-IR spectroscopy instruments for safety, security and pharmaceutical applications. The 120-employee company had 2009 revenues of $45 million. “The […]
Toronto, Canada 1/25/10; Toronto, Canada 1/27/10; Washington, DC 1/27/10—The sale of MDS Analytical Technologies to Danaher (see IBO 9/15/09) is expected to close by the end of the first quarter, following the resolution of PerkinElmer’s legal challenge and the approval of the US Federal Trade Commission (FTC). MDS has signed a settlement agreement with PerkinElmer, […]
Santa Clara, CA and Palo Alto, CA 1/21/10; Brussels, Belgium 1/21/10—Agilent Technologies announced that the European Commission has granted conditional antitrust clearance for its acquisition of Varian. In connection with the clearance, Agilent has agreed to divest four Varian businesses: laboratory GC, triple quadrupole GC-MS, inductively coupled plasma–MS and micro GC. Agilent has initiated the […]
The 14th annual LabAutomation conference and exhibit sponsored by the Association for Laboratory Automation (ALA) was held January 25–17 in Palm Springs, California. The lively gathering attracted 4,113 attendees, a 3.0% decrease from 2009. The number of exhibitors also declined, with a 7.3% drop in exhibitors to 233. This year, MS seemed to be more […]
After taking a slight hit in 2009, the cell analysis research market is expected to be back on track for growth in 2010, according to Strategic Directions International’s “Cell Analysis Techniques, Market Forecast 2010–2014”. For the year, the cell analysis research market’s growth is estimated to be in the high single digits, and will reach […]
The high proportion of demand from government and academic laboratories, as well as its association with life science applications, has helped to insulate the molecular spectroscopy market from the recession. In 2009, the molecular spectroscopy market contracted 3.3% to $3.4 billion, but it should show a solid rebound in 2010, with more than 8% growth. […]
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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.
