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| Type | Public (NYSE: TMO) |
|---|---|
| Founded | 2006 by Merger of Thermo Electron and Fisher Scientific |
| Headquarters | Waltham, Massachusetts, USA |
| Key people | Marc N. Casper, President and CEO |
| Industry | Conglomerates |
| Products | Analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics |
| Revenue | ▲$9.75 Billion USD (2007) |
| Net income | ▲$168.9 Million USD (2006) |
| Employees | 34,000 (2008) |
| Website | www.thermofisher.com |
Thermo Fisher Scientific is a large life sciences supply company that was created in 2006 by the merger of Thermo Electron and Fisher Scientific.
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Predecessors and merger
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. It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education.[3]
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[4] . On November 9, 2006, the companies announced that the merger had been completed.[4] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[5] In April 2007, Genevac was sold to Riverlake Equity Partners LP [1] and the merger closed with FTC approval.[6]
Currently, the company's products are sold under the brand names of Thermo Scientific, Fisher Scientific and a series of older and highly recognized brand names (e.g. Nalgene, Cellomics)[citation needed]. According to company figures, 46% of its sales are in life sciences, 20% in healthcare, and 34% in industrial/environmental and safety.[3]
Thermo Fisher is a global company with offices and operations in most countries around the world, most notably in the USA, mainland Europe and the UK.
See also
References
- ^ http://web.mit.edu/newsoffice/founders/Thermo.html Company founding
- ^ Financial Statements for Thermo Fisher Scientific Inc. - Google Finance
- ^ a b Thermo Fisher Scientific : Corporate Profile
- ^ a b 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
External links
- Fisher HealthCare Clinical Catalog - The Digital Edition
- Fisher HealthCare Rapid Diagnostics Catalog - The Digital Edition
- Thermo Scientific - part of Thermo Fisher Scientific[citation needed]
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