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Lab Vision Corporation, a part of Thermo Fisher Scientific
Lab Vision Corporation, a part of Thermo Fisher Scientific
labvision.com
 
Type Public (NYSETMO)
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 headquarters in Waltham

Thermo Fisher Scientific is a large life sciences supply company that was created in 2006 by the merger of Thermo Electron and Fisher Scientific.

Contents

[edit] 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.

[edit] See also

[edit] References

[edit] External links




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