Venlo, the Netherlands 10/1/08; Uppsala, Sweden 10/1/08—QIAGEN NV has acquired the assets of the Biosystems business and the remaining 17.5% of Corbett Life Science (see IBO 7/15/08) from Biotage AB for approximately $53 million in cash and performance milestone payments of up to $7 million over four years. The Biosystems business develops and sells the […]
Erlangen, Germany 10/6/08—Siemens has acquired SG Wasseraufbereitung und Regenerierstation GmbH (SG Water Treatment and Regeneration) for an undisclosed amount. SG Water provides water treatment solutions for laboratories and industrial organizations, including ultra pure water systems and reverse osmosis equipment for the lab. The company will join Siemens Water Technologies, part of Siemens’ Industry Solutions Division. […]
Palo Atlo, CA 10/14/08—Varian has announced that it expects its sales for the fiscal year ended October 3 to exceed $1 billion. The company forecasts non-GAAP adjusted diluted EPS of more than $2.80, compared to previous guidance of $2.74 plus or minus $0.05. GAAP diluted EPS is expected to exceed $2.11, compared to the previous […]
Carlsbad, CA 10/9/08; 10/15/08—Invitrogen announced it has amended the terms of its merger agreement with Applied Biosystems (ABI). To allow the companies’ stockholders to consider the amendment, the meetings to vote on the merger will take place October 28, instead of October 16. The amendment eliminates the requirement that the parties receive certain opinions regarding […]
Santa Clara, CA 10/13/08—Affymetrix has announced that it expects third-quarter revenues to be approximately $75 million, compared to $95.0 million last year. Analysts had forecasted revenues of $90.1 million, according to Thomson Financial. The company does not provide revenue guidance on a quarterly basis. Affymetrix attributed the shortfall to greater competition for research funding and […]
Hollywood, FL 10/6/08—STARLIMS Technologies, a provider of laboratory information management systems (LIMS), has announced that it expects third-quarter revenues of $5 million and GAAP EPS of $(0.03)–$0.01. This compares to third-quarter 2007 sales of $6.2 million and GAAP EPS of $0.18. “Our business in the third quarter was impacted by increased tightening of IT budgets […]
West Chester, PA 10/2/08—VWR International has acquired OMNILAB AG, a laboratory supply distributor based in Mettmenstetten, Switzerland. Founded in 1990, OMNILAB distributes chromatography, spectroscopy and labware products.
Carlsbad, CA 9/16/08; Carlsbad, CA and Foster City, CA 9/17/08; Carlsbad, CA 9/26/08—Invitrogen has completed the syndication of the $2.65 billion in financing for its acquisition of Applied Biosystems (ABI) (see IBO 6/15/08). Thirty bank lenders have committed to a Term Loan A in the amount of $1.4 billion, and 250 lenders have committed to […]
Chalfont St. Giles, England 9/30/08; Boston, MA 9/30/08—GE Healthcare has acquired MicroCal, a developer and manufacturer of microcalorimeters, for an undisclosed amount from majority owner Riverside Partners and other investors. MicroCal’s 2008 revenues are estimated to be $28 million, up from $21 million in 2007, and have grown at more than 25% annually. According to […]
New York, NY 9/22/08; South San Francisco, 9/26/08—Citing market instability, Fluidigm has withdrawn its registration statement for an IPO. Fluidigm, which develops microfluidic systems for drug development (see IBO 4/30/08), had originally planned to begin trading on September 19, but postponed the offering several times. Fluidigm had planned to raise $79.5 million in an offering […]
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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.
