With oil prices dropping along with the industry’s slow or even negative growth, Latin America’s 2015 tax revenues from oil exploration production and processing are expected to fall overall, declining by 1.0%–1.5% of GDP for Bolivia, Ecuador and Mexico. Revenues from Colombia and Peru’s oil industries are also forecast to decline. The region has not […]
The European Commission agreed this month to increase funds for InnovFin, the program supporting research projects considered to be high risk and that might otherwise not receive financial backing. The €750 million ($815 million) in funds through the European Investment Bank and European Investment Fund would be used to increase the availability of loan guarantees […]
The steel industry is experiencing globalization, with causes including excess production capacity, the highest of which is in China. Worldwide growth in steel demand slowed to 0.6% in 2014, with 0.5% growth in demand predicted by the World Steel Association in 2015. Correspondingly, in 2014, global steel production experienced a slowdown in growth to 1.2%. […]
Seven federal agencies—the Department of Defense (DOD), DOE’s National Nuclear Security Administration (NNSA), FDA, NIH, NIST, NSF and Department of Veterans Affairs (VA)—conducted or funded research in regenerative medicine from fiscal 2012–14 (FY12–14). The agencies invested about $2.89 billion in the research during this time, with the NIH accounting for about 88% of this spending. […]
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 […]
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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.
