Last month, FOSS and Mérieux NutriSciences announced a strategic partnership for improving food safety. The strategic collaboration between FOSS and Mérieux NutriSciences incorporates their respective strengths in innovating platforms for testing and QC, as well as R&D and analysis solutions in the food testing sector. The collaboration between FOSS and Mérieux NutriSciences highlights the growing […]
In spite of the ambiguous global economic environment, calendar year second quarter demand for a majority of large publicly held instrument and lab product companies remained steadfast. Reminiscent of the first quarter, strength was highlighted in the pharmaceutical and certain applied markets, such as food and environmental, especially in China. Despite sturdy demand, sales growth […]
New York, NY 8/18/16; Los Angeles, CA 8/18/16—Quoting a report on StreetInsider.com from an anonymous source, Bloomberg wrote earlier this month that Illumina received an acquisition offer from Thermo Fisher Scientific valued at $30 billion in stock. However, interviewed by Investors Business Daily, analysts Doug Schenkel of Cowen and Wells Fargo’s Tim Evans told the […]
Männedorf, Switzerland 8/31/16—Tecan has acquired SPEware, a US-based provider of MS sample preparation solutions, for $50 million in cash and an earn-out consideration of up to $10 million. The price values SPEware at approximately 3x fiscal 2016 sales, and the company’s EBITDA margin is higher than Tecan’s. “With SPEware’s current focus on North America, we […]
Uppsala, Sweden 8/31/16—Separations technologies firm Biotage has made a DKK 15 million ($2.2 million = DKK 6.67 = $1) investment in Chreto Aps, acquiring a 22% stake in the company, with an option to acquire all outstanding shares until December 31, 2018, for DKK 600 ($90) per share. Chreto Aps is a developer of single-use […]
Austin, TX 8/25/16; Buckinghamshire, UK 8/25/16—Filtration Group, a Madison Industries affiliate and provider of filtration solutions, has entered into an agreement to acquire Essentra’s Porous Technologies business for £220 million ($289 million= £0.76 = $1). Among Porous Technologies’ offerings are products for disease detection and prevention, lab testing and genetic analysis. “As a developer and […]
San Francisco, CA and Paris, France 7/1/16—Publicly held Areva, a supplier of products for nuclear energy, has completed the previously announced sale of its Canberra nuclear instrumentation and measurement business to Mirion Technologies, a provider of radiation detection, measurement and monitoring products (see IBO 2/15/16). “We are excited by the combination of Mirion and Canberra, […]
Major US indexes were mixed in August as the Dow Jones Industrial Average and S&P 500 declined 0.2% and 0.1%, respectively, while the NASDAQ advanced 1.0%. The markets continued to face global economic growth uncertainty and were further imperiled by the Federal Reserve’s hawkish tone on increasing interest rates. However, in the US, sturdy employment […]
Last month, the State Council of China released the details of the five-year National Science and Technology Innovation Plan, which is designed to further progress scientific advancements in China. With the goal of continuing and improving China’s global scientific innovation contributions, the Innovation Plan includes but is not limited to: developing projects to further treat […]
While the future of UK science is still uncertain post-Brexit, British scientists have been assured that their EU research projects will still receive funding from the British government, as long as the projects were bid for before the UK officially exits the EU (the date of which has not been set). The UK receives billions […]
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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.
