Thermo Fisher Scientific
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|Founded||May 14, 2006Thermo Electron and Fisher Scientificby merger of|
|Headquarters||Waltham, Massachusetts, U.S.|
|Products||Analytical/other equipment and instruments, laboratory reagents and consumables, science software and services—for research, discovery, analysis, and manufacturing (incl. pharmaceutical and diagnostic products)|
|Revenue||US$24.358 billion (2018)|
|US$3.783 billion (2018)|
|US$2.938 billion (2018)|
|Total assets||US$56.232 billion (2018)|
|Total equity||US$27.586 billion (2018)|
Number of employees
|c. 70,000 (2018)|
Thermo Fisher Scientific is an American provisioner of scientific instrumentation, reagents and consumables, and software and services to healthcare, life science, and other laboratories in academia, government, and industry (including in the biotechnology and pharmaceutical sectors). Based in Waltham, Massachusetts, Thermo Fisher was created in 2006 by the merger of Thermo Electron and Fisher Scientific, to form a company with US$ 9 billion in combined revenues.
The combined company has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation in 2013 (for US$ 13.6 billion, for probe reagents and advanced DNA sequencing services), Advanced Scientifics (US$ 300 million, for bioprocessing technologies) and Alfa Aesar (US$ 405 million, for research chemicals), both in 2015; Affymetrix (US$ 1.3 billion, for gene chip technologies) and MTI-GlobalStem (amount unknown, for cell transfection and neurobiology), both in 2016; FEI Company (US$ 4.2 billion, an electron microscope manufacturer),[verification needed] Finesse Solutions (amount unknown, for bioproduction control systems and software), Core Informatics (amount unknown, for cloud-based scientific data management), and Patheon (US$ 7.2 billion, for its contract development and manufacturing services), all in 2017;[verification needed] Becton, Dickinson's Advanced Bioprocessing business in 2018 (amount unknown, for further bioprocessing products); and Brammer Bio in 2019 (US$ 1.7 billion, for gene therapy manufacturing capabilities).
As of 2017, the company had revenues of $21 billion and was a Fortune 500 company. As of 2018, the company employed on the order of 70,000 workers, and was reporting $US 24 billion in annual revenues.
Predecessors and merger
Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos was an MIT PhD in mechanical engineering and Nomikos a Harvard Business School graduate. It focused on providing analytical and laboratory products, and had revenues of over $2 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 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, and had on the order of 30,000 employees, and reported US$9 billion in combined revenue.[better source needed] 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 evaporators, 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. Chromacol, Nalgene, Cellomics, Pierce Protein Research and Fermentas). According to company figures, 46% of its sales are in life sciences, 20% in healthcare, and 34% in industrial/environmental and safety.
This section appears to contradict itself on numbers of companies acquired since 2006, between unsourced graphic presentation and poorly sourced text statement.March 2020)(
The parent entities, Thermo Electron and Fisher Scientific, acquired 15 companies between them before their merger (see graphic),[verification needed] and another 56 companies since the founding of the joint company in 2006,[verification needed] numbers which may be lower estimates.[according to whom?]
In April 2013, after a competitive bidding with Hoffmann-La Roche, Thermo Fisher acquired Life Technologies Corporation for US$13.6 billion in a deal, adding further service lines related to advanced DNA sequencing and genetic testing.
In February 2015, the company announced it would acquire Advanced Scientifics for $300 million in a cash-deal. ASI designs, manufactures and delivers technologies used in bioprocessing solutions. In June 2015, the company announced its intention to acquire Alfa Aesar, a global manufacturer of research chemicals for $405 million from Johnson Matthey, and the acquisition was completed at the end of September
In January 2016, the company announced it would acquire Affymetrix for $1.3 billion. On May 27, 2016, the company announced it would acquire FEI Company for $4.2 billion, a manufacturer of electron microscopes. This acquisition is anticipated to close in early 2017 and will contribute to the growth of Thermo's Analytical Instruments business group. In November the company announced it would acquire MTI-GlobalStem, a previously privately held company that develops reagents for cell transfection, neurobiology and stem cell research.
In February 2017, the company acquired Finesse Solutions, Inc., developer of scalable control automation systems and software for bioproduction after receiving early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction was completed a day later. In March, the company announced it would acquire Core Informatics, provider of cloud-based platforms supporting scientific data management. In August, the company acquired Patheon, a contract development and manufacturing organization serving the pharmaceutical and biotechnology sectors, for approximately $7.2 billion. As of 2017, the company had revenues of $20.9 billion, and was a Fortune 500 company.
In September 2018, Thermo Fisher Scientific announced it had signed a definitive agreement with Becton, Dickinson and Company (BD) to acquire their Advanced Bioprocessing business. THis BD business had annualized revenue of approximately $100 million; as of October 16, 2018, it had been integrated into Thermo Fisher's Life Sciences Solutions Segment.[better source needed]
In March 2019, Thermo Fisher announced its entry into the gene therapy manufacturing market with a $1.7 billion cash acquisition for Brammer Bio. In May 2019, Thermo Fisher partnered with MMJ International Holdings to manufacture drug products developed by MMJ for the treatment of Multiple Sclerosis and Huntington's Disease. In June, the business announced it would acquire mass spectrometry software provider, HighChem.
In March 2020, Thermo Fisher agreed to purchase Qiagen, a molecular diagnostics company, for $10.1 billion. In July, the offer for Qiagen was raised from €39 to €43 per share (€11.3 billion in total).. On August 13, the company announced that its offer to acquire all of the ordinary share had lapsed, and it terminated the acquisition agreement.
In August 2020, Thermo Fisher opened its new Lenexa facility aimed at boosting the production and manufacturing of COVID-19 testing supplies.
Brands currently owned by Thermo-Fisher
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- Acros Organics BVBA
- Advanced Scientifics, Inc.
- Alfa Aesar
- Allied Analytical Systems
- Amdel Instrumentation
- Applied Research Laboratories
- ATI Instruments North America
- B•R•A•H•M•S USA, Inc.
- Best Inspection
- Brandt Instruments
- Carlo Erba
- CE Instruments
- CIDTEC, Inc.
- Clintrak Clinical Labeling Services, LLC
- Cohesive Technologies
- Consolidated Technologies, Inc.
- CRS Robotics Ltd.
- Diagnostix, Ltd.
- Doe and Ingalls
- DRI Microgenics
- Eberline LLC
- EC Apparatus
- EGS Gauging, Inc.
- EnviroTech Controls
- Epoxyn Products L.L.C.
- Erie Handcare
- Erie Scientific Company
- FEI Company
- Fermentas Inc.
- Fisons Instruments
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- Fluid Data
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- Forma Scientific
- Gamma-Metrics LLC
- GH Flow Automation
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- Life Technologies Corporation
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- MAS SeraMag
- Material Testing
- Matrix Technologies LLC
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- Measuretech Canada Inc.
- MF Physics Corporation
- Microgenics Corporation
- MIE, Inc.
- Milton Roy
- Molecular BioProducts Inc
- MSC Moisture Systems
- Nalge Nunc International Corporation
- National Scientific
- Nicolet Industrial Solutions
- Nicolet Instrument
- Nippon Jarrell Ash
- Niton Analyzers LLC
- NORAN Instruments
- Northern Scientific
- NovaWave Technologies, Inc.
- Novodirect (Germany)
- Nuclear Semiconductor
- Omega Data Systems
- One Lambda
- Orion Inc.
- Owl Separation Systems
- Patheon[better source needed]
- Peek Measurement
- Philips Scientific
- Pierce Biotechnology, Inc
- Puffer Hubbard
- PV Dry II
- Pye Unicam
- Ramsey Inc.
- Ramsey Mesulect
- Ramsey Process Controls
- RCCI Australia
- Richard-Allan Scientific Company
- Rupprecht and Patashnick
- Sentron Canada Inc.
- SLM Instruments
- Spectronic Instruments
- Tecno Europa
- Texas Nuclear
- Thermedics Detection de Mexico
- Thermo Shandon
- TJA Solutions
- TN Technologies
- Tokeim Automation
- Tracor Northern
- Trek Diagnostic Systems, Inc.
- Unicam Vacuum Generators
- Unity Lab Services
- Veeco
- VG Scientific
In September 2017, Thermo Fisher Scientific signed an agreement with the Institute of Pathology Heidelberg (IPH) to establish its Center of Molecular Pathology at Heidelberg University Hospital as the newest member of the Next Generation Sequencing Companion Dx Center of Excellence Program (COEP). The initiative focuses on establishing strategic collaborations with leading, European-based organizations that can lead studies using Thermo Fisher's Oncomine portfolio of research panels destined for development as companion diagnostics to help drive precision oncology in the region.
In February 2019, Thermo Fisher announced that it would stop selling its equipment in Xinjiang. In June 2020, Thermo Fisher Scientific was reported to sell its equipment to security services in China for use in what was alleged as part of a genetic surveillance program. A report from ASPI finding Thermo Fisher collaborated with the Chinese Ministry of Public Security to develop a Huaxia PCR amplification kit specifically to identify the genotypes of Uyghur, Tibetan and Hui ethnic minorities.
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- Business data for Thermo Fisher Scientific: