Thermo, Fisher to merge
10 May 2006
Leading US lab products and services suppliers
to established new company with sales of over $9 billion
Waltham, Massachusetts/Hampton, New Hampshire -- Thermo Electron Corp. and Fisher Scientific International Inc. are to merge in a stock-for-stock exchange deal. The combined entity, which will be called Thermo Fisher Scientific Inc., is expected to have 2007 sales of over $9 billion, the lab products and services companies announced 8 May.
Thermo and Fisher have technologies in areas of instrumentation, life science consumables, software and services. The new company, they said, will have global sales and service organisation with around 7,500 staff.
Thermo Fisher Scientific will be headquartered in Waltham, and will continue to have an office in Hampton. The transaction is expected to close in Q4/06 subject to regulatory and other approvals.
The deal brings together two "leaders in the life, laboratory and health sciences marketplace," said Marijn Dekkers, Thermo president and CEO, who will head the new company -- also as president and CEO.
