Thermo Fisher Scientific

Public
Traded as 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 & CEO)
Peter M. Wilver, (CFO)
Joe Beery (CIO)
Products Analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics
Revenue Increase$17 Billion USD (2015)
Increase$1.27 Billion USD (2013)
Number of employees
 51,000 (2015)
Website www.thermofisher.com
Thermo Fisher Scientific headquarters in Waltham, MA

Thermo Fisher Scientific is an American multinational, biotechnology product development company, created in 2006 by the merger of Thermo Electron and Fisher Scientific.[1][2] In April 2013, after a competitive bidding with Hoffmann-La Roche,[3] Thermo Fisher acquired Life Technologies Corp for $13.6 billion in a deal that would rank the firm as one of the leading companies in the genetic testing and precision laboratory equipment markets.[4][5][6]

Predecessors and merger

Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos is a MIT PhD in mechanical engineering and Nomikos a Harvard Business School graduate.[7] It focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in 2004.[8]

Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh.[9][10] It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education.[11]

On May 14, 2006, Thermo Electron and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange; the merged company was named Thermo Fisher Scientific.[12] On November 9, 2006, the companies announced that the merger had been completed.[12] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[13] In April 2007, Genevac was sold to Riverlake Partners LLC[14] and the merger closed with FTC approval.[15]

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, 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.[11]

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.[16]

In 2013 Thermo Fisher agreed to buy Life Technologies for $13.6 billion. The sale was completed on 4 February 2014, and the Life Technologies brand became part of the Life Sciences Solutions Group of Thermo Fisher Scientific.

In February 2015, the company announced it would acquire Advanced Scientifics for $300 million in a cash-deal. ASI designs, manufactures and delivers technologies used in bioprocessing solutions.[17] In June 2015, the company announced its intention to acquire Alfa Aesar, a global manufacturer of research chemicals for $405 million[18] from Johnson Matthey, and the acquisition was completed at the end of September[19]

In January 2016, the company announced it would acquire Affymetrix for $1.3 billion.[20]

On May 27, 2016, the company announced it would acquire FEI Company for $4.2 billion, a manufacturer of electron microscopes.[21][22] This acquisition is anticipated to close in early 2017 and will contribute to the growth of Thermo's Analytical Instruments division.[23]

Acquisitions and brands currently owned by Thermo-Fisher

Source:[24]

  • Accumed,
  • Affymetrix [25]
  • Acros Organics BVBA,
  • Alfa Aesar,
  • Allied Analytical Systems,
  • Ambion
  • Amdel Instrumentation,
  • AMINCO-Bowman,
  • Applied Research Laboratories,
  • Argus,
  • ARL,
  • ARL/Fisons,
  • ATI Instruments North America,
  • Autometrics,
  • B•R•A•H•M•S USA, Inc.,
  • Baird,
  • Barnstead,
  • Best Inspection,
  • Biolab,
  • Brandt Instruments,
  • Cahn,
  • CarePlan,
  • Carlo Erba,
  • CASCO,
  • CE Instruments,
  • CEDIA,
  • Chase,
  • Chemiclave,
  • CIDTEC, Inc.,
  • Clintrak Clinical Labeling Services, LLC
  • Cohesive Technologies,
  • Consolidated Technologies, Inc.,
  • CRS Ltd.,
  • Damon/IEC,
  • Denley,
  • Diagnostix, Ltd.,
  • Dionex Corporation,
  • Doe and Ingalls,
  • DRI Microgenics,
  • DUKE,
  • Eberline LLC,
  • EC,
  • EC Apparatus,
  • EGS Gauging, Inc.,
  • Electron,
  • Elemental,
  • EnviroTech Controls,
  • Epoxyn Products L.L.C.,
  • Epsilon,
  • Erie Handcare,
  • Erie Scientific Company,
  • ESA,
  • Esco,
  • FEI Company
  • Fermentas Inc.,
  • Finnigan,
  • Finnzymes,
  • Fisher Hamilton,
  • Fisons Instruments,
  • Fi-Streem,
  • Flow Automation,
  • Fluid Data,
  • Flux Instruments,
  • Forma,
  • Forma Scientific,
  • Gamma-Metrics LLC,
  • GH Flow Automation,
  • GK Intertest,
  • Gold Seal,
  • Goring Kerr Ltd,
  • Graseby,
  • H+P,
  • HAAKE,
  • Harris,
  • Harvey,
  • Hascal Systems,
  • Helix MC,
  • Heraeus,
  • Herz and Partner,
  • Heto,
  • Hilger,
  • Hitech,
  • Holten,
  • Houston Atlas,
  • Hypersil-Keystone LLC,
  • Icore,
  • IEC,
  • Innofluor,
  • Instrumentation Laboratory,
  • Intertest Ltd,
  • Ionalytics,
  • Ion Torrent
  • Isotemp,
  • Jarrell-Ash,
  • Jewett,
  • Don Sandora Science
  • Jouan,
  • Kay Ray,
  • Kendro,
  • Kevex,
  • Keystone Scientific,
  • KeyTek LLC,
  • Labindustries,
  • Lab-Line,
  • Labquake,
  • LabSystems, Inc.,
  • LDC,
  • Life Technologies Corporation,
  • Lindberg Blue M,
  • Linear,
  • Locator,
  • Magellan Biosciences,
  • MAS SeraMag,
  • Material Testing,
  • Matrix Technologies LLC,
  • Mattson,
  • Max Q,
  • Measuretech Canada Inc.,
  • Megapure,
  • Menzel,
  • MF Physics Corporation,
  • Microgenics Corporation,

• MIE, Inc.

  • Milton Roy,
  • MoistureSystems,
  • Molecular BioProducts Inc,
  • MSC Moisture Systems,
  • Nalge Nunc International Corporation,
  • NanoDrop,
  • Nanopure,
  • Napco,
  • NCAT,
  • Neslab,
  • Nexray,
  • Nicolet Industrial Solutions,
  • Nicolet Instrument,
  • Nippon Jarrell Ash,
  • Niton Analyzers LLC,
  • NORAN Instruments,
  • Northern Scientific,
  • NovaWave Technologies, Inc.,
  • Novodirect (Germany)
  • Nuclear Semiconductor,
  • Nuova,
  • Omega Data Systems,
  • One Lambda,
  • Onix,
  • OpitBind,
  • Optek,
  • Orion Inc.,
  • Owl Separation Systems,
  • Oxoid,
  • Pactech,
  • Peek Measurement,
  • Phadia US Inc.,
  • Philips Scientific,
  • Pierce Biotechnology, Inc,
  • PMC,
  • Polychromix,
  • Polysonics,
  • Precision,
  • Proxeon,
  • Puffer Hubbard,
  • PV Dry II,
  • Pye Unicam,
  • Pyrometer,
  • QMS,
  • Quantech,
  • Quest,
  • Queue,
  • R&P,
  • Ramsey Inc.,
  • Ramsey Mesulect,
  • Ramsey Process Controls,
  • RCCI Australia,
  • Redox,
  • Revco,
  • Remel,
  • Richard-Allan Scientific Company,
  • Rupprecht and Patashnick,
  • Sarasota,
  • Savant,
  • Scintag,
  • ScreenMates,
  • Sensall,
  • Sensititre,
  • Sentron Canada Inc.,
  • Seradyn,
  • SeraMag,
  • SLM Instruments,
  • Sorvall,
  • Spectrace,
  • Spectra-Physics,
  • SpectraSYSTEM,
  • Spectra-Tech,
  • Spectronex,
  • Spectronic Instruments,
  • Speedbeads,
  • SSDetect,
  • STEM,
  • Sterilemax,
  • TDX,
  • Tecno Europa,
  • Texas Nuclear,
  • Thermedics Detection de Mexico,
  • Thermolyne,
  • ThermoQuest,
  • TJA Solutions,
  • TMQ,
  • TN Technologies,
  • Tokeim Automation,
  • Tracor Northern,
  • Trek Diagnostic Systems, Inc.,
  • Tremetrics,
  • TSP,
  • Turner,
  • Unicam,
  • Unicam Vacuum Generators,
  • Unity Lab Services,
  • Vapo-Steril,
  • Varioklav,
  • Veeco,
  • VersaTrek,
  • VG Scientific,
  • Westronics,

References

  1. ↑ "Pierce Antibodies". pierce-antibodies.com.
  2. ↑ "Fisher Scientific". fishersci.com.
  3. ↑ Z. Brennan (March 2013). Price of Life Tech Steady at $11B as Roche Joins Bidding War
  4. ↑ Bill Berkrot and Susan Kelly (15 April 2013). "Thermo Fisher to buy Life Tech for $13.6 billion". Reuters.
  5. ↑ "Equipamentos e produtos para laboratórios - Analítica". analiticaweb.com.br.
  6. ↑ http://fisherhealthcare.dirxion.com
  7. ↑ http://web.mit.edu/newsoffice/founders/Thermo.html Company founding
  8. ↑ "Financial Statements for Thermo Fisher Scientific Inc. - Google Finance". google.com.
  9. ↑ http://www.shadysidepres.org/sites/default/files/2013_04_07_bulletin.pdf
  10. ↑ "PPG Vice President Fisher Dies.". thefreelibrary.com.
  11. 1 2 Thermo Fisher Scientific : Corporate Profile
  12. 1 2 Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific, press release, November 9, 2006
  13. ↑ Merger of Thermo and Fisher anticompetitive, FTC Ruling
  14. ↑ 3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac, Ltd. Press Release.
  15. ↑ FTC consent to Genevac divestiture, FTC news release
  16. ↑ "Thermo Fisher Rises to Record After $3.5 Billion Phadia Buy". Bloomberg.
  17. ↑ "Thermo Fisher Scientific Acquires Single-Use Specialist ASI for $300 Million - GEN News Highlights - GEN". GEN.
  18. ↑ "Thermo Fisher Scientific Agrees to Acquire Research Chemicals Firm". GEN.
  19. ↑ "Thermo Fisher Scientific - Thermo Fisher Scientific Completes Acquisition of Alfa Aesar to Significantly Expand Laboratory Chemicals Offering". Retrieved 5 January 2016.
  20. ↑ http://www.genengnews.com/gen-news-highlights/thermo-fisher-scientific-to-acquire-affymetrix-for-1-3b/81252211/
  21. ↑ Hallam, Kristen (27 May 2016). "Thermo Fisher Scientific to Buy FEI for About $4.2 Billion". Bloomberg. Retrieved 2016-05-28.
  22. ↑ DeMuth, Jr., Chris (27 May 2016). "Facebook Is Watching You". Seeking Alpha. FEI. Retrieved 2016-05-27.
  23. ↑ Seiffert, Don (27 May 2016). "Thermo CEO mum on whether he had competitors in $4.2B bid for FEI". Boston Business Journal. Retrieved 31 May 2016.
  24. ↑ http://www.thermofisher.com/content/dam/tf/Footer/Documents/2014%20Legal%20Entity%20Reference%20Guide.pdf
  25. ↑ "Thermo Fisher Scientific to Acquire Affymetrix".
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