For many instrument companies, mergers and acquisitions were significant factors in expanding their businesses last year. As a result of deals, two new companies joined C&EN’s annual ranking. Germany’s Merck bought Millipore in the second half of 2010. With instrument sales of about $545 million in 2011, the merged business is now ranked number 18. Meanwhile, Xylem, a spin-off of ITT Corp. focused on water-related equipment and technologies, had been buying up small instrument businesses over the past decade (C&EN, Dec. 12, 2011, page 20). Its September 2011 purchase of environmental water-monitoring firm YSI pushed revenues at its Xylem Analytics division to just over $300 million in 2011 and places it at number 21. Click Here For Complete Article Text
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