Waltham, MA and Cambridge, MA 10/1/07—PerkinElmer has agreed to acquire publicly listed ViaCell for $7.25 per share, a 52% premium over the stock’s September 30 closing price, for an aggregated price of approximately $300 million, or $260 million net of cash. ViaCell specializes in the collection and preservation of umbilical cord blood stem cells and, […]
Holliston, MA 10/11/07—Harvard Bioscience has acquired Panlab for $5.0 million in cash. Panlab manufactures and distributes life science instruments, primarily for the neuroscience research market. “With the acquisition of Panlab, we are able to expand our distribution channels by establishing a subsidiary in Spain. In addition, the acquisition provides us access into a segment of […]
Gaithersburg, MD 10/15/07; Indianapolis, IN 10/15/07—Gene Logic has agreed to sell its Genomics assets to Ocimum Biosolutions for $10 million in cash. The Genomics business includes the BioExpress System and ToxExpress System databases, Genesis Enterprise System bioinformatics software and a microarray services business. In 2006, revenues for Gene Logic’s Genomics business declined 57.1% to $24.3 […]
Woburn, MA 9/27/07—Nova Analytics’ Nova Analytics Deutschland GmbH subsidiary has acquired Bellingham & Stanley. Based in the UK, Bellingham & Stanley is a developer and manufacturer of refractometers and polarimeters. “B&S provides Nova Analytics with a range of refractometers and polarimeters, further enhancing our expansion into new markets,” stated Nova Analytics President and COO Chris […]
London, UK 9/19/07—Whatman has begun a three-year overhaul of operations, following completion of a strategic review. The announcement was made during the company’s review of first-half results (see page 12). The three-phase plan is designed to produce an £8 million ($16.0 million) increase in annual profits. In the first phase, Whatman has begun to address […]
London, UK 9/19/07; 9/26/07—Smiths has announced that it will not proceed with its planned joint venture for detection technologies with GE Homeland Protection (see IBO 1/15/07). The announcement stated that the companies “were unable to agree on a strategic vision for the combined business.” Smiths would have owned 64% of the new company with GE […]
Foster City, CA and Santa Clara, CA 9/18/07—Applera, Applied Biosystems’ parent company, and Agilent Technologies have entered a settlement agreement, resolving Applera’s patent infringement suits in multiple countries against Stratagene, which Agilent acquired in June (see IBO 4/15/07). Agilent agreed to license certain Applera technology for real-time thermal cycler instruments in research-related fields, excluding human […]
Tokyo, Japan 9/25/07—Japan’s Nikkei News reports that Toshiba, Canon, Toray Industries, Yokogawa Electric and seven other Japanese firms, supported by the Kazusa DNA Research Institute, will form a consortium to develop microarrays for applications in diagnostic medicine, food and environmental analysis. According to Nikkei, the Japanese microarray market will total ¥100 billion ($869.2 million) by […]
Foster City, CA 9/7/07; New York, NY 9/7/07—-Applied Biosystems announced that the US District Court for the District of Connecticut granted its motion for summary judgment and dismissed all remaining claims in the patent infringement case brought by Enzo Biochem against Applera, Applied Biosystems’ parent company. In the lawsuit, filed in 2004, Enzo Biochem, Enzo […]
Aesch, Switzerland 9/7/07—Christ Water Technology, a provider of water technologies, solutions and services for pure and ultrapure water production, drinking water production and wastewater treatment, has acquired 76% of zeta Group. Based near Graz, Austria, with annual sales of approximately €40 million ($50 million), zeta is a supplier of process technologies and operates three business […]
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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.
