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Lab Vision Corporation, a part of Thermo Fisher Scientific labvision.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.
[edit] Predecessors and mergerThermo 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. [edit] See also[edit] References
[edit] External links
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