Financial Crisis As with firms worldwide, analytical and life science instrument companies found themselves at the mercy of the credit crisis, failing stock markets and lower industrial demand at year-end. Some of the strongest markets for instrumentation in recent years—the petrochemical, metals and chemical industries—abruptly slowed operations in late 2008 and announced cost cuts for […]
While the overall MS market did not quite match the growth initially expected for 2008 (see IBO 1/5/08), it grew more than 8% in the past year. Despite the severe global recession, IBO expects the demand for MS to grow 7.7% in 2009, which will easily put the total market value over the $2.5 billion […]
The set use of many atomic spectroscopy techniques for legally mandated environmental analysis applications should help to insulate the sector from the negative effects of the global economy. The continuing international interest in green technologies and environmental safety should also remain strong sources of growth in demand for atomic spectroscopy. The techniques most associated with […]
Wetzlar, Germany 1/6/09—Microscopy company Leica Microsystems, a Danaher business, has acquired Surgipath Medical Industries for an undisclosed amount. Based in Richmond, Illinois, Surgipath is a provider of consumables and medical device accessories for clinical histology and research laboratories, including processing reagents, storage and specimen transport devices, and cytology accessories and safety products. “The amalgamation of […]
San Diego, CA and Oxford, UK 1/11/09—Illumina and Oxford Nanopore Technologies announced a strategic alliance to develop and sell single-molecule DNA sequencing technology. Under a commercialization agreement, Illumina will exclusively market, sell, distribute and service Oxford Nanopore’s BASE Technology products into the research and diagnostic markets. The companies will share profits from the sales. Illumina […]
Milford, MA 1/12/09—Waters has announced preliminary sales for the fourth quarter of 2008 of approximately $418 million. This figure is within the range of the company’s revised guidance announced last month of $410-$420 million (see IBO 12/15/08). Waters specifically attributed the reduced sales volume to unfavorable currency translations, slower spending by chemical manufacturers, continued weak […]
San Diego, CA 1/9/09 and 1/14/09; Marlborough, MA 1/12/09—Sequenom has announced that it will commence its exchange offer for publicly-held EXACT Sciences, a provider of a noninvasive stool-based DNA screening technology for colorectal cancer, despite a unanimously rejection of its offer by EXACT’s Board. On January 9, Sequenom made public its $41 million all-stock offer […]
Illkirch Cedex, France 1/5/09—Chiral Technologies Europe, a wholly owned subsidiary of Daicel Chemical Industries that supplies phases, columns and services for enantioselective chromatography, has acquired ChromTech. Based in Congleton, UK, ChromTech provides protein-based columns for reversed-phase HPLC in three phases. “ChromTech’s specialty line of protein-based columns adds a complimentary product range to our Daicel polysaccharide-based […]
According to the Organization for Economic Cooperation and Development (OECD), the US subprime mortgage crisis has spread to many nonfinancial sectors and has had widespread negative effects on world economies. In comparison to the 1.4% GDP increase for 2008, OECD countries’ GDP will decline by 0.4% for 2009. In the November update of the International […]
GE Purchases Whatman The acquisition (see IBO 2/15/08) was evidence that GE Life Science is still intent on growing its business. The $713 million purchase was also a testament to the importance of sample preparation products to life science suppliers. Agilent Expands Materials Science Business Four acquisitions this year (see IBO 3/15/08, 6/30/08, 7/15/08) added […]
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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.
