Santa Clara, CA 3/30/07—Agilent Technologies has created a Materials Sciences Solutions Unit within its Life Science and Chemical Analysis (LSCA) business. The new unit will focus on the development of the company’s microscopy and optical spectroscopy businesses. Agilent’s Nanotechnology Measurement Division, which provides atomic force microscopes (see IBO 11/30/05), will become part of the new […]
Madison, WI 3/16/07—Microarray provider NimbleGen Systems has filed a registration statement with the US Securities and Exchange Commission for an initial public offering of its common stock. The number of shares and price range have yet to be determined. NimbleGen Systems’ 2006 revenues increased 42.6% to $13.5 million and the company had an operating loss […]
Basel, Switzerland 3/29/07; Branford, CT 3/29/07—Roche has signed a definitive agreement to purchase 454 Life Sciences from CuraGen for $140 million in cash and up to $14.9 million in cash upon the exercise of stock options and warrants. Roche has exclusively distributed 454’s DNA sequencing systems since May 2005. In 2006, 454’s product revenue grew […]
Waltham, MA 3/20/07; Dusseldorf, Germany 3/20/07—Thermo Fisher Scientific and Gerresheimer have announced a joint venture to manufacture glass labware for scientific laboratories. Gerresheimer will hold a 51% in the joint venture, which will be named Kimble/Chase Life Scienceware and will be based in New Jersey. Kimble/Chase Life Scienceware will include Thermo Fisher Scientific’s Chase Scientific, […]
West Chester, PA 3/29/07—VWR International has acquired the remaining 76% of KMF Laborchemie Handels GmbH, effective April 1. Based in Germany with 70 employees, KMF generated 2006 revenues of approximately $45 million. According to VWR, KMF’s areas of emphasis are chromatography, microbiology and life science products.
College Station, TX 3/23/07—William W. Botts, president and CEO of OI Corporation, has resigned following the completion of an investigation by a special committee into the company’s stock option practices (see IBO 1/31/07). The special committee reviewed stock option grants issued between 1985 and 2006 and found incidences of misdated option grants, the issuance of […]
Aliso Viejo, CA 3/8/07—Carl Zeiss Microimaging has acquired Clarient’s ACIS and Trestle Instrument Systems business assets and intellectual property for $11 million in cash and an additional $1.5 million based on post-closing conditions. In 2005, revenues for Clarient’s Technology Group, which includes fee-per-use and system sales, rose 16% to $8.7 million, including $4.4 million in […]
San Diego, CA 3/13/07; Santa Clara, CA 3/13/07; San Diego, CA 3/1/07—A jury from the US District Court for the District of Delaware decided that Illumina infringed on, and induced infringement on, claims of five Affymetrix patents. The jury determined a proper royalty rate of 15% and awarded $16.7 million in damages to Affymetrix for […]
West Chester, PA 3/12/07—VWR International, the largest independent distributor of laboratory products and services, has announced that it has retained Goldman Sachs & Co. and Banc of America Securities to explore strategic options. “As this process moves forward, we remain committed to maintaining our strong relationships with our customers and suppliers and to the continued […]
London, England 3/12/07—Linde has sold BOC Edwards’s vacuum and semiconductor businesses to private equity firm CCMP Capital for €685 million ($901.1 million). BOC Edwards is a supplier of vacuum systems to analytical instrumentation companies, among other industries. “This is the start of a new independent era for BOC Edwards in which we can focus on […]
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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.
