The oil industry continues to cut costs as crude oil prices remain depressed. The cuts are now spreading to oil producers, having initially affected oilfield service companies starting a year ago. Graves & Co. estimates that the oil industry has shed more than 150,000 jobs. Providers of oilfield services and drilling contractors have accounted for […]
Major US equity markets traded higher in July despite mixed corporate earnings, soft economic data and China’s plunging stock market. While the Federal Reserve quantified a more positive economic outlook, second quarter US GDP estimates fell below expectations. Second quarter GDP growth expanded 2.3% versus a consensus of 2.9%. However, first quarter US GDP growth […]
Rochester, NY 6/22/15—Transcat, a publicly held provider of calibration and compliance services, has purchased Calibration Technologies for an undisclosed amount. Based in New Jersey, Calibration Technologies provides analytical instrument services, such as qualification, validation, calibration and repair, as well as sales and installation of refurbished equipment and GMP training. “Calibration Technologies deepens our presence in […]
Stockholm, Sweden 7/1/15—Addtech Life Science has announced the acquisition of Finnish firm Fenno Medical through its Mediplast business for an undisclosed amount. Fenno provides medical equipment and consumables as well as laboratory products to the health care, academic and industry sectors. Fenno generates annual revenues of €20 million ($22 million = €0.89 = $1) and […]
Eden Prairie, MN 7/8/15—MTS Systems, a supplier of test systems and position sensors, has purchased Instrument and Calibration Sweden (ICS) for $0.7 million. ICS provides testing equipment and calibration services. ICS is expected to add $1–$2 million to MTS revenues over the next 12 months. “The acquisition will provide growth for our services business by […]
Selb, Germany 7/9/15—NETZSCH-Gerätebau, a provider of thermal characterization systems, has acquired Gabo Qualimeter Testanlagen for an undisclosed amount. Located in Ahlden, Germany, Gabo Qualimeter is a supplier of high-force dynamic mechanical thermal analyzers (DMTAs), and supplies systems for tire and rubber testing. “This undertaking will enable us to offer an even broader product range to […]
Sterling, VA and Loveland, CO 6/22/15; Loveland, CO 7/28/15—Hach has agreed to acquire publicly held Sutron for a purchase price of $8.50 per share, or approximately $39 million net of cash. Sutron will join Hach Environmental, whose companies, including Ott Hydromet and Sea-Bird Scientific, offer environmental monitoring solutions for natural resource and oceanographic applications. “Sutron […]
With the first half of the year behind us, let us reflect on the state of the analytical and life science instrumentation and lab products market, how it has developed thus far and what is in store for the rest of 2015. The original January forecast (see IBO 1/15/15) was published without the benefit of […]
This month, Eurostat released its annual yearbook, which included data on R&D expenditure and personnel for the continent from 2004 to 2013. The figures showed growth in both investment in R&D and the numbers of researchers over the years covered, and provided information on researcher numbers and R&D expenditures by sector. The data suggest that […]
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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.
