Thermo Fisher ScientificFrom Wikipedia, the free encyclopedia

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Type Public (NYSE: TMO)

S&P 500 Component

Industry Laboratory equipment

Founded 2006 by Merger of Thermo Electron and Fisher Scientific

Headquarters Waltham, Massachusetts, USA

Key people Marc N. Casper, President andCEO; Peter M. Wilver,

CFO

Products Analytical instruments, equipment, reagents and

consumables, software and services for research,

manufacturing, analysis, discovery and diagnostics

Revenue $10.1 Billion USD (2009)

Net income $850.3 Million USD (2009)

Employees 39,000 (2011)

Website www.thermofisher.com

Thermo Fisher Scientific headquarters in Waltham

Thermo Fisher Scientific is an American precision laboratory equipment company that was created in 2006

by the merger of Thermo Electron and Fisher Scientific.

Predecessors and merger[edit source | editbeta]

Thermo Electron was founded in 1956 by George Hatsopoulos, an MIT PhD in mechanical engineering.[1] It

focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in

2004.[2]

Fisher Scientific was founded in 1902 by Chester G. Fisher, a Presbyterian Christian from Pittsburgh [3][4]. It

focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific

research, safety, and education.[5]

On May 14, 2006, Thermo Electron and Fisher Scientific announced that they wouldmerge in a tax-free, stock-

for-stock exchange; the merged company was named Thermo Fisher Scientific.[6] On November 9, 2006, the

companies announced that the merger had been completed.[6] However, the Federal Trade Commission ruled

that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to

divest Genevac.[7]In April 2007, Genevac was sold to Riverlake Partners LLC[8] and the merger closed with FTC

approval.[9]

Currently, the company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and

several other recognized brand names (e.g. Chromacol, Nalgene,Cellomics, Cole-Parmer, Pierce Protein

Research and Fermentas). According to company figures, 46% of its sales are in life sciences, 20%

in healthcare, and 34% in industrial/environmental and safety.[5]

Thermo Fisher has offices and operations in many countries, notably the U.S. and in Europe.

In May 2011, Thermo Fisher Scientific Inc. bought Phadia to expand in testing for allergies

and autoimmune diseases for €2.47 billion ($3.5 billion) in cash purchase.[10]

In April 2013, after a bidding war with Hoffmann-La Roche,[11] Thermo Fisher announced that it would be

buying Life Technologies Corp for $13.6 billion in a deal that would rank the firm as one of the top two

companies in the genetic testing field.[12]

References[edit source | editbeta]

1. ̂  http://web.mit.edu/newsoffice/founders/Thermo.html Company founding

2. ̂  Financial Statements for Thermo Fisher Scientific Inc. - Google Finance

3. ̂  http://www.shadysidepres.org/sites/default/files/2013_04_07_bulletin.pdf

4. ̂  PPG Vice President Fisher Dies. - Free Online Library

5. ^ a b Thermo Fisher Scientific   : Corporate Profile

6. ^ a b Merger of Thermo Electron and Fisher Scientific Completed, Forming

Thermo Fisher Scientific, press release, November 9, 2006

7. ̂  Merger of Thermo and Fisher anticompetitive, FTC Ruling

8. ̂  3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac,

Ltd. Press Release.

9. ̂  FTC consent to Genevac divestiture, FTC news release

10. ̂  Thermo Fisher Rises to Record After $3.5 Billion Phadia Buy -

Bloomberg

11. ̂  Z. Brennan (March 2013). Price of Life Tech Steady at $11B as Roche

Joins Bidding War

12. ̂  Bill Berkrot and Susan Kelly (15 April 2013). "Thermo Fisher to buy Life

Tech for $13.6 billion". Reuters.

External links[edit source | editbeta]

Thermo Scientific  - part of Thermo Fisher Scientific

Fisher Scientific  - part of Thermo Fisher Scientific

Fisher HealthCare Clinical Catalog - The Digital Edition

Fisher HealthCare Rapid Diagnostics Catalog - The Digital Edition

Thermo Scientific Pierce Antibodies  - Antibody Division of Thermo Fisher

Scientific

Categories: 

Companies based in Middlesex County, Massachusetts

Companies established in 2006

Research support companies

Biotechnology companies of the United States

X-ray equipment manufacturers

Waltham, Massachusetts

Companies listed on the New York Stock Exchange

Publicly traded companies of the United States

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