Concept

Thermo Fisher Scientific

Summary
Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021). As of 2023, the company had a market capitalization of 214billionandwasaFortune500company.Annualrevenuein2022wasUS214 billion and was a Fortune 500 company. Annual revenue in 2022 was US44.92 billion. Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos received a PhD from MIT in mechanical engineering and Nomikos was a Harvard Business School graduate. The company focused on providing analytical and laboratory products, and had revenues of over 2billionin2004.FisherScientificwasfoundedin1902byChesterG.FisherfromPittsburgh.Itfocusedonprovidinglaboratoryequipment,chemicals,suppliesandservicesusedinhealthcare,scientificresearch,safety,andeducation.OnMay8,2006,ThermoElectronandFisherScientificannouncedthattheywouldmergeinataxfree,stockforstockexchange;themergedcompanywasnamedThermoFisherScientific,andhadabout30,000employees,andreportedUS2 billion in 2004. Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh. It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education. On May 8, 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, and had about 30,000 employees, and reported US9 billion in combined revenue. On November 9, 2006, the companies announced that the merger had been completed. However, the Federal Trade Commission ruled that this acquisition was anti-competitive regarding centrifugal evaporators, requiring Fisher to divest Genevac. In April 2007, Genevac was sold to Riverlake Partners LLC and the merger closed with FTC approval. Today, 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).
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