Thermo Electron
Encyclopedia
Thermo Electron Corporation (NYSE
: TMO) (incorporated 1956) 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.
On May 14, 2006, Thermo and Fisher Scientific
announced that they would merge
in a tax-free, stock-for-stock exchange. The merged company became Thermo Fisher Scientific
. On November 9, 2006, the companies announced that the merger had been completed. However, the Federal Trade Commission
ruled that this acquision 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.
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
: TMO) (incorporated 1956) 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.
On May 14, 2006, Thermo 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 became Thermo Fisher Scientific
Thermo Fisher Scientific
Thermo Fisher Scientific is a large life sciences supply company that was created in 2006 by the merger of Thermo Electron and Fisher Scientific.-Predecessors and merger:...
. 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 acquision 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.
External links
- www.thermoelectron.com (25 June 2006 snapshot from Internet ArchiveInternet ArchiveThe Internet Archive is a non-profit digital library with the stated mission of "universal access to all knowledge". It offers permanent storage and access to collections of digitized materials, including websites, music, moving images, and nearly 3 million public domain books. The Internet Archive...
) - Names of Former Companies Now Part of Thermo Electron
- History of company founding