Transgenomics sale to result in reverse merger takeover
IVD firm invests in research technology
Washington, DC 9/6/16; Sunnyvale, CA 9/6/16–Technology provider Danaher has agreed to acquire publicly held Cepheid, a supplier of molecular diagnostics system, for $4 billion, including debt and net of acquired cash. This is equal to $53 per share in cash, a 54% premium to Cepheid’s closing price on September 2. Cepheid’s 2015 revenue totaled $539 […]
Frankfurt, Germany 9/12/16; Duesseldorf, Germany 9/12/16–Gerresheimer and Chase Scientific Glass have announced plans to sell their Kimble Chase to Duran for $131 million. Kimble Chase provides lab and scientific glassware, including reusable glassware, and disposable and specialty products. In 2015, Kimble Chase posted revenues of €100.7 million ($111.9 million = €0.90 = $1). Sales declined […]
New York, NY 9/7/16; Valencia, Spain 9/7/16–Bruker has agreed to acquire the preclinical imaging business, including employees, of Oncovision, a medical imaging device firm, for an undisclosed amount. For five years, Bruker and Oncovision have exclusively marketed the Albira PET/SPECT/CT systems. Together, they have also developed the preclinical 3 T Silicon photomultiplier PET/RI system.”The unique, […]
Minneapolis, MN 7/1/16; Minneapolis, MN 7/6/16—Bio-Techne has acquired two companies. On July 6, the company announced the purchase of Advanced Cell Diagnostics (ACD) for $250 million in cash plus an additional $75 million based on attaining certain milestones. ACD provides consumables for genomic analysis for research and diagnostic applications. Its products include the RNAscope RNA […]
Brumath, France & Nottingham, UK 7/5/16—France’s Dominique Dutscher (DD) and the UK’s Scientific Laboratory Supplies (SLS), two independent laboratory product distributors, have announced a merger agreement. Financial details were not disclosed. The new company, the largest independent European distributor of lab products, will have revenues of €180 million ($200 million = €0.90 = $1). The […]
Goettingen, Germany 7/15/16; Broomfield, CO 7/15/16—Sartorius, a supplier of pharmaceutical and lab equipment, has acquired ViroCyt for $16 million. ViroCyt provides automated platforms for virus counting. In 2016, ViroCyt’s sales are expected to grow double digits to more than $3 million, with break even underlying EBITDA anticipated by the end of 2018. “After acquiring the […]
Radnor, PA 7/5/16—Lab product and services provider VWR has acquired PAW BioScience Products for an undisclosed amount. PAW focuses on single-use connectors and components, custom design and assembly, and product distribution for cell culture and purification processes. “VWR bioprocessing customers will now have access to an even broader range of innovative products in our single-use […]
Basel, Switzerland 6/30/16—Pharmaceutical industry supplier Lonza has announced the acquisition of Triangle Research Labs (TRL) from PBM Capital. Financial details were not disclosed. TRL provides fresh and cryopreserved hepatocytes and non-parenchymal cells from multiple species, and supporting media and culture systems. “Integrating this business into its primary cell portfolio lays the basis for new product […]
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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.
