Thermo Fisher Scientific
Encyclopedia
Thermo Fisher Scientific is a large life sciences
supply company that was created in 2006 by the merger of Thermo Electron
and Fisher Scientific
.
was founded in 1956 by George Hatsopoulos, an MIT
PhD in mechanical engineering
. It focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in 2004.
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.
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. On November 9, 2006, the companies announced that the merger had been completed. However, the Federal Trade Commission
ruled that this acquisition was anticompetitive with regard to centrifugal evaporator
s, requiring Fisher to divest Genevac
. In April 2007, Genevac
was sold to Riverlake Partners LLC and the merger closed with FTC approval.
Currently, the company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and several other recognized brand names (e.g. Nalgene
, Cellomics
, Cole-Parmer
and Pierce Protein Research
). According to company figures, 46% of its sales are in life sciences
, 20% in healthcare, and 34% in industrial/environmental and safety.
Thermo Fisher is a global company with offices and operations in most countries around the world, most notably in the USA and Europe.
On May 2011, Thermo Fisher Scientific Inc. has bought Phadia
to expand in testing for allergies and autoimmune diseases for Euro2.47 billion ($3.5 billion) in cash purchase.
Life sciences
The life sciences comprise the fields of science that involve the scientific study of living organisms, like plants, animals, and human beings. While biology remains the centerpiece of the life sciences, technological advances in molecular biology and biotechnology have led to a burgeoning of...
supply company that was created in 2006 by the merger of Thermo Electron
Thermo Electron
Thermo Electron Corporation 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....
and Fisher Scientific
Fisher Scientific
Fisher Scientific International, Inc. was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets...
.
Predecessors and merger
Thermo ElectronThermo Electron
Thermo Electron Corporation 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....
was founded in 1956 by George Hatsopoulos, an MIT
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
PhD in mechanical engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
. It focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in 2004.
Fisher Scientific
Fisher Scientific
Fisher Scientific International, Inc. was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets...
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.
On May 14, 2006, Thermo Electron
Thermo Electron
Thermo Electron Corporation 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....
and Fisher Scientific
Fisher Scientific
Fisher Scientific International, Inc. was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets...
announced that they would merge
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
in a tax-free, stock-for-stock exchange; the merged company was named Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed. However, the Federal Trade Commission
Federal Trade Commission
The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act...
ruled that this acquisition was anticompetitive with regard to centrifugal evaporator
Centrifugal evaporator
A centrifugal evaporator is a device used in chemical and biochemical laboratories for the efficient and gentle evaporation of solvents from many samples at the same time, and samples contained in microtitre plates. If only one sample required evaporation then a rotary evaporator is most often used...
s, requiring Fisher to divest Genevac
Genevac
Genevac Ltd is a company which was founded in 1990 by Michael Cole. It used to specialize in the manufacture of vacuum pumps and centrifugal evaporators, but has since directed its attention to equipment designed for combinatorial chemistry. Following a series of mergers, it is currently a...
. In April 2007, Genevac
Genevac
Genevac Ltd is a company which was founded in 1990 by Michael Cole. It used to specialize in the manufacture of vacuum pumps and centrifugal evaporators, but has since directed its attention to equipment designed for combinatorial chemistry. Following a series of mergers, it is currently a...
was sold to Riverlake Partners LLC and the merger closed with FTC approval.
Currently, the company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and several other recognized brand names (e.g. Nalgene
Nalgene
Thermo Scientific Nalgene is a brand of polyethylene plastic developed and manufactured by Nalge Nunc International originally developed for laboratory storage containers. It is now used in the manufacture of water containers, vials, bottles, bags and carboys for packaging, shipping, and storage...
, Cellomics
Cellomics
Cellomics is a privately held company which is the self-described inventor of high-content screening . "Cellomics" is also a neologism, which the company coined to mean "the study of cells" or "the knowledge of cellular phenotype and function"...
, Cole-Parmer
Cole-Parmer
Cole-Parmer is a scientific and industrial instrument distributor located at 625 E. Bunker CT, Vernon Hills IL.They are a business unit of Thermo Fisher Scientific.-History:...
and Pierce Protein Research
Pierce Biotechnology
Rockford, IL-based Pierce Chemical Company was founded in 1948 when Dr. Alan Pierce assumed active management of a company known as Midwest Extraction, which focused on extracting chlorophyll from alfalfa...
). According to company figures, 46% of its sales are in life sciences
Life sciences
The life sciences comprise the fields of science that involve the scientific study of living organisms, like plants, animals, and human beings. While biology remains the centerpiece of the life sciences, technological advances in molecular biology and biotechnology have led to a burgeoning of...
, 20% in healthcare, and 34% in industrial/environmental and safety.
Thermo Fisher is a global company with offices and operations in most countries around the world, most notably in the USA and Europe.
On May 2011, Thermo Fisher Scientific Inc. has bought Phadia
Phadia
Phadia develops, manufactures and markets blood test systems to support the clinical diagnosis and monitoring of allergy, asthma and autoimmune diseases. The company is headquartered in Uppsala, Sweden...
to expand in testing for allergies and autoimmune diseases for Euro2.47 billion ($3.5 billion) in cash purchase.
External links
- Thermo Scientific - part of Thermo Fisher Scientific
- Fisher Scientific - part of Thermo Fisher Scientific
- Fisher HealthCare Clinical Catalog - The Digital Edition
- Fisher HealthCare Rapid Diagnostics Catalog - The Digital Edition
- Thermo Scientific Pierce Antibodies - Antibody Division of Thermo Fisher Scientific