Company Announcements STARLIMS Technologies’ 2008 sales rose 6.2% to $25.2 million (see IBO 3/31/09). Product revenue grew 11.3% to $15.5 million, and Service revenue declined 1.1% to $9.8 million. Adjusted operating income fell 30.2% to $3.0 million. Sales to public-sector labs accounted for 39% of revenues, manufacturing customers accounted for 25% of sales. Revenue from […]
In April, all major US stock indexes climbed higher despite weak economic data and mixed first-quarter earnings. The Dow Jones Industrial Average, S&P 500 and NASDAQ finished the month up 7.3%, 9.4% and 12.3%, respectively. The markets shrugged off higher than expected unemployment claims, increasing foreclosure rates and the report of a 6.1% annual decline […]
Waltham, MA 4/27/09; Sydney, Australia 4/27/09—Thermo Fisher Scientific has agreed to acquire Biolab, a laboratory products distributor for the scientific, environment and healthcare markets in Australia and New Zealand. Thermo will acquire the business from Australian conglomerate Alesco for AUD $175 million ($120 million). Biolab has annual revenues of AUD $170 ($120 million). “As the […]
Newark, CA 4/23/09; Paris, France 4/24/09—GE has signed a definitive agreement to sell an 81% stake in GE Security’s Homeland Protection business to high-technology firm SAFRAN for $580 million. GE will retain a 19% stake. GE’s Homeland Protection business consists of products for checked-baggage screening, military and critical infrastructure protection, as well as products for […]
Waltham, MA 4/22/09—Phase Forward, a supplier of clinical trials software, has acquired Waban Software for $14 million in cash. Waban’s products include clinical data analysis systems, as well as lab information and clinical specimen management systems. In 2008, Waban had $4 million in revenues and break even operating income. Based in Cambridge, Massachusetts, with operations […]
Longjumeau, France 4/20/09—Horiba Jobin Yvon has acquired GenOptics, a provider of surface plasmon resonance imaging technology (SPRi) for label-free detection for an undisclosed amount. “In the coming years we will see the merging of biotechnology and microtechnology to create combinations of ultra integrated devices on a molecular scale” stated Dr. Michel Mariton, HORIBA Scientific segment […]
FoodProcessing.com estimates that capital spending by the top 20, publicly held, US food and beverage companies will decline 2.9% this year. Eleven of the 20 firms plan to increase capital spending in 2009. In some cases, the companies are planning to do so because of acquisitions, including Ralcorp and J.M. Smucker. Of the 11 companies […]
Product Introductions Bruker BioSpin introduced the QCI CryoProbe, a proton-optimized quadruple resonance NMR inverse probe for structural biology applications involving proteins, RNA and DNA. Bruker BioSpin released the 500 MHz BBFOplus SmartProbe for routine small-molecule NMR. Bruker BioSpin launched the 900 MHz WB US2, calling it the world’s highest field, actively shielded wide bore 89 […]
Jena, Germany 4/30/09—Analytik Jena AG will acquire Biometra GmbH from Whatman GmbH, which is owned by GE Healthcare, in an all-cash transaction. Further financial details were not disclosed. Biometra develops and provides products for thermocycling, electrophoresis, blotting, gel imaging and hybridization. The company’s sales in recent years have been steady at around €9.0 million ($13.2 […]
In its fiscal budget released this month, the UK announced the creation of a $1.1 billion Strategic Investment Fund. The Fund is designed to support exports, R&D and investment in the UK. The Technology Strategy Board will receive $72 million from the Fund to invest in potential high-growth fields, such as life sciences and low […]
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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.
