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Instrumentation Laboratory Achieves Record Sales In 2012
Date:3/25/2013

BEDFORD, Mass., March 25, 2013 /PRNewswire/ -- Instrumentation Laboratory (IL), a company of the Werfen Group, today announced total worldwide sales in 2012 of €476.4M (612.3M USD).  In its two major business segments, Hemostasis and Critical Care Diagnostics, IL achieved significant revenue growth of 12.4% and 10.1%, respectively.  Additionally, based on data from company estimates and third party research, IL confirmed their global market leadership position in Hemostasis diagnostics. In the Critical Care diagnostics market, IL was the fastest growing manufacturer of benchtop systems worldwide.  

In 2012, IL placed a record number of both Hemostasis and Critical Care systems worldwide. Of particular note, IL successfully transitioned to a direct business model in the United States, Canada, China and Australia for their Hemostasis product line. With North America representing the largest Hemostasis market in the world, and China, the fastest growing market in the world, this move unlocks tremendous growth potential for IL.  The company estimates that, excluding the impact of the transition to a direct business model, its Hemostasis end-user sales worldwide grew by 8%.

"2012 was a year of very significant, positive change for IL. Notably, our shift to a direct business model in several key markets enables us to be closer to our customers, react immediately to their needs and share our expertise with them," said Ramon Benet , Chief Executive Officer at IL.  "The outstanding customer feedback we have received speaks to the quality of our employees, the new infrastructure we developed, and our entire product line.  While we are already the global leader in Hemostasis testing, we look forward to co
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SOURCE Instrumentation Laboratory
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