Thermo Electron
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| Thermo Electron Corporation | |
|---|---|
| Fate | Merged |
| Successor | Thermo Fisher Scientific |
| Founded | 1956 |
| Defunct | 2006 |
| Location | Waltham, Massachusetts |
| Products | Analytical and scientific products and services |
| Peak size | 11,000 employees |
Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains.
Thermo had revenues of over $2 billion, and employed 11,000 people in 30 countries.
On May 14, 2006, Thermo and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange; the merged company will be named Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed.[1] However, the Federal Trade Commission ruled that this acquision was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[2] In April 2007, Genevac was sold to Riverlake Equity Partners LP [1] and the merger closed with FTC approval.[3]
[edit] Notes
- ^ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific, press release, November 9, 2006
- ^ Merger of Thermo and Fisher anticompetitive, FTC Ruling
- ^ FTC consent to Genevac divestiture, FTC news release
