In the third quarter of 2007, revenues for IBO’s Laboratory Instrument Sales Index grew an impressive 13.7% to $4,218 million, identical to the second quarter’s revenue growth. Operating profit grew 21.8% to $693 million, and operating margin climbed 110 basis points to 16.4% of sales. Strong organic growth, acquisitions and favorable currency effects continued to […]
The European Chemical Industry Council (Cefic) predicts that the output of the EU chemical industry—excluding pharmaceuticals—will grow by 2.6% in 2007, up from 2.1% in 2006. However, a downturn is expected in 2008, when a growth rate of 1.9% is predicted. In 2007, consumer chemicals production is expected to increase by 4.5% and by 3.0% […]
Palo Alto, CA 11/5/07—Varian has acquired Analogix, a developer of flash chromatography instruments and consumables, for $11 million in cash, plus assumed net debt. Future price payments could total $4 million over three years depending on milestones and financial performance. “The acquisition of Analogix is strategic to the advancement of Varian’s goal to grow applications-based […]
Paris, France 9/27/07; 11/5/07—Air Liquide has purchased the assets of Scott Specialty Gases, a supplier of mixed and pure high specialty gases to the analytical, medical and electronics markets, as well as gas handling equipment and gas delivery systems. Based in Plumsteadville, Pennsylvania, Scott Specialty Gases has annual sales of around $88 million and employs […]
Lonza’s Bioscience division, consisting of its Cell Therapy, Rapid Testing Systems, Media, and Cell Discovery and Molecular Biology businesses, reported CHF 82 million ($66.9 million) in sales and EBIT of CHF 12 million ($9.8 million) for the first half of 2007. Media, and Cell Discovery and Molecular Biology sales were lower than expected. CellSystems Biotechnologies […]
Columbus, OH 11/1/07—Mettler-Toledo has announced that CEO Robert F. Spoerry will retire effective January 1, 2008, and has named Olivier Filliol as CEO and president. Mr. Filliol currently runs the company’s Global Sales, Service and Marketing operations, its Chinese operations and is division head of the Process Analytics business. Mr. Speorry will become executive chairman.
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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.
