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 […]
Waltham, MA 5/27/10—Thermo Fisher Scientific has agreed to acquire Fermentas International for $260 million in cash. Fermentas is a manufacturer and distributor of enzymes, reagents and kits for molecular and cellular biology research. The company had 2009 revenues of CAD $57 million ($54 million). “With Fermentas, we are better-positioned to meet the demands of molecular […]
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 […]
San Diego, CA 5/6/10; San Diego, CA 5/12/10—Sequenom has announced that it expects to raise $51.6 million through a private placement of common stock. The company has entered into an agreement to issue and sell 12,435,000 shares of common stock at $4.15 per share to certain investors. Earlier in the month, Sequenom announced it plans […]
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 […]
Hercules, CA 5/4/10—Bio-Rad Laboratories has announced that as a result of an internal review it has identified conduct in certain overseas operations that may have violated the US Foreign Corrupt Practices Act’s (FCPA) antibribery provisions, books records and internal controls of the FCPA, and the company’s internal policies. Bio-Rad voluntarily disclosed these matters to the […]
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 […]
Washington, DC 4/22/10; Bellevue, Washington, February—Danaher announced in its quarterly earnings call that it has acquired Western Environmental Technology Laboratories (WET Labs). WET Labs was acquired by Danaher’s Sea-Bird Electronics business, which manufactures optic sensors for ocean measurements, including conductivity and dissolved oxygen sensors.
Washington, DC 4/13/10; Washington, DC 4/23/10—Agilent Technologies’ $1.5 billion acquisition of Varian, which was initially expected to close last year after being announced in July 2009 (see IBO 7/31/2009), may not close until May. Earlier this month, in a filing with the SEC, Agilent disclosed that the transaction was expected to close in either late […]
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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.
