Piscataway, NJ 1/29/09—GE Healthcare announced that it has entered into a distribution agreement with Fisher Scientific, part of Thermo Fisher Scientific. Fisher Scientific will distribute a range of GE Healthcare Life Sciences products in North America, including film, electrophoresis, chromatography and nucleic acid purification products. “The presence Fisher Scientific has in the academic, pharmaceutical and […]
Santa Clara, CA 2/17/09—Due to lower than expected fiscal first-quarter revenues, Agilent Technologies has announced a restructuring of its global infrastructure operations, the shut down of two small board-inspection businesses in the Electronic Measurement unit and the layoff of 600 employees. The restructuring is expected to reduce ongoing operating costs by $150 million. Agilent estimates […]
Billerica, MA 2/26/09—Millipore has announced the purchase of the assets associated with Epitome Biosystems’ EpiTag technology for an undisclosed price. Designed for use on Luminex’s xMAP platform, EpiTag technology utilizes informatics to develop specific and selective antibodies for intra-cellular targets. “The EpiTag technology will allow us to develop multiplex immunoassays for cellular targets that were […]
Columbus, OH 2/5/09—Mettler-Toledo International announced that it has initiated a Cost Reduction Program that will reduce its workforce by 5%, or 600 people. Other cost containment measures will also be undertaken. The Program is expected to reduce operational costs by more than $40 million on an annual basis. The company expects to record pre-tax restructuring […]
Hercules, CA 1/12/09—Bio-Rad Laboratories has acquired certain assets of SafePath Laboratories’ food diagnostics business. The acquisition will add serological immunoassay test kits for Trichinella, Toxoplasma and Salmonella pathogens to Bio-Rad’s food diagnostics product line. “With these products we are realizing our goal to be a one-stop shop for our customers’ food safety testing needs,” said […]
Toronto, Canada 2/2/09; New York NY 10/30/08—MDS announced that is has formed a committee of independent directors to support its review of alternatives for improving shareholder value. MDS has hired Goldman, Sachs & Co. and RBC Capital Markets as financial advisors. In an October 2008 press release, Obrem Capital Markets disclosed its discussions with MDS […]
Billerica, MA 2/2/09—Millipore has agreed to acquire Guava Technologies, a provider of microcapillary flow cytometers, for $22.6 million. Guava recorded 2008 sales of $21.9 million. The acquisition is expected to be slightly accretive to Millipore’s non-GAAP EPS during 2009. “Our vision is to make flow cytometry less expensive, easier to use, and more accessible for […]
Waltham, MA 2/3/09—PerkinElmer has acquired Opto Technology, a supplier of light-emitting diode (LED) based components and subsystems, for an undisclosed amount. The purchase adds optical subsystems to PerkinElmer’s high brightness LED components portfolio, part of PerkinElmer’s Environmental Health business. “The addition of Opto Technology expands PerkinElmer’s presence in the solid state specialty lighting marketplace and […]
Milford, MA 2/2/09—Waters announced that it has acquired the remaining outstanding capital stock of Thar Instruments for an undisclosed amount. Based in Pittsburgh, Pennsylvania, Thar Instruments is a manufacturer of supercritical fluid chromatography (SFC) systems and products, with annual revenues of approximately $18 million. The acquisition is estimated to be neutral to Waters’s 2009 earnings. […]
Loveland, CO 2/10/09—Hach announced that it has acquired OPS Systems and the assets of WaterEye. Based in Rio Rancho, New Mexico, OPS provides water-related reporting and analysis, preventive maintenance and LIMS (laboratory information management solutions) software solutions for water, wastewater and industrial plant operations. WaterEye provides web-based information management solutions. As a result of 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.
