The food and beverage industry’s capital spending is expected to increase 19.3% this year, according to a survey of 32 public companies. In 2009, these companies’ capital spending fell 8.7%. Twenty-four of the 32 firms project increases in capital spending this year, led by PepsiCo and Tyson Foods. Spending plans include greenfield projects, which are […]
Positive corporate earnings and acquisitions boosted US equity markets in April, as the Dow Jones Industrial Average, S&P 500 and NASDAQ ended the month up 1.4%, 1.5% and 2.6%, respectively. Momentum was furthered by rising home sales, manufacturing data and consumer sentiment, along with optimistic comments from the Federal Reserve. However, investors grew apprehensive following […]
Lansing, Michigan 4/1/10—Neogen, a provider of food and animal safety testing products, has acquired all of the outstanding shares of GeneSeek, an agricultural genetics laboratories, for $13.8 million in cash and contingent payments based on future performance. Based in Lincoln, Nebraska, with 36 employees, GeneSeek generated 2009 revenues of $12.5 million. Neogen CEO and Chairman […]
Washington, DC 4/22/10; Bellevue, Washington, February—Danaher announced in its quarterly earnings call that it has acquired Western Environmental Technology Laboratories (WET Labs). WET Labs was acquired by Danaher’s Sea-Bird Electronics business, which manufactures optic sensors for ocean measurements, including conductivity and dissolved oxygen sensors.
Washington, DC 4/13/10; Washington, DC 4/23/10—Agilent Technologies’ $1.5 billion acquisition of Varian, which was initially expected to close last year after being announced in July 2009 (see IBO 7/31/2009), may not close until May. Earlier this month, in a filing with the SEC, Agilent disclosed that the transaction was expected to close in either late […]
Stockholm, Sweden 4/26/10—Biotage has definitively agreed to acquire MIP Technologies, a developer of molecularly imprinted polymers (MIPs), for an upfront payment corresponding to an enterprise value for MIP Technologies of SEK 16 million ($2.2 million = SEK 7.17 = $1) and potential performance-based payments. “This is an excellent strategic fit regarding Biotage’s expansion and diversification […]
Regensburg, Germany 4/9/10; Regensburg, Germany 4/16/10; Carlsbad, CA 4/27/10; Limerick, Ireland 4/29/10—Applied Biosystems Deutschland GmbH, a Life Technologies company, has acquired 58% of the shares of GENEART AG, a provider of synthetic genes and synthetic gene services. The shares were purchased from three founding shareholders and Board members at a price of €11.59 ($15.73 = […]
In the first of IBO’s twice annual look at US intellectual property cases among instrument and laboratory product companies, cases related to life science technologies predominate. Decisions Wyatt Technology has filed an appeal with the Ninth Circuit Court of Appeals after the US District Court for the Central District of California dismissed its case against […]
Alternative energy sources have received much attention and government funding in the past decade, and solar cell, or photovoltaic (PV), technology is no exception. The research and production of solar cells relies upon a variety of analytical instrumentation, including atomic spectroscopy, GC, molecular spectroscopy and surface science techniques. Raman, FTIR and UV-Vis-NIR spectroscopy, as well […]
Waltham, MA 4/15/10—Thermo Fisher Scientific has acquired Proxeon A/S, a supplier of products for proteomics analysis, including nanoflow LC systems, columns, ion sources and bioinformatics software. In 2009, Proxeon generated revenues of $10 million. The company is headquartered in Odense, Denmark, and has nearly 40 employees. “By offering a high-performance solution that addresses the need […]
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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.
