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Thermo Fisher Scientific

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Thermo Fisher Scientific Inc.
Company typePublic
IndustryLaboratory equipment
Founded2006 by merger of Thermo Electron and Fisher Scientific
HeadquartersWaltham, Massachusetts, U.S.
Area served
Worldwide
Key people
ProductsAnalytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics, pharmaceutical products
RevenueIncrease US$20.918 billion (2017)[1]
Increase US$2.968 billion (2017)[1]
Increase US$2.225 billion (2017)[1]
Total assetsIncrease US$56.669 billion (2017)[1]
Total equityIncrease US$25.413 billion (2017)[1]
Number of employees
c. 70,000 (2017)[1]
Websitewww.thermofisher.com
Thermo Fisher Scientific's previous headquarters in Waltham, Massachusetts

Thermo Fisher Scientific is an American biotechnology product development company located in Waltham, Massachusetts, and was created in 2006 by the merger of Thermo Electron and Fisher Scientific. In April 2013, after a competitive bidding with Hoffmann-La Roche,[2] Thermo Fisher acquired Life Technologies Corporation for US$13.6 billion in a deal that would rank the firm as one of the leading companies in the genetic testing and precision laboratory equipment markets.[3][4][5]

Predecessors and merger

Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos is a MIT PhD in mechanical engineering and Nomikos a Harvard Business School graduate.[6] It focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in 2004.[7]

Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh.[8][9] It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education.[10]

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.[11] On November 9, 2006, the companies announced that the merger had been completed.[11] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[12] In April 2007, Genevac was sold to Riverlake Partners LLC[13] and the merger closed with FTC approval.[14]

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.[10]

Thermo Fisher has offices and operations in many countries, notably the U.S. and in Europe.

In May 2011, Thermo Fisher Scientific Inc. bought Phadia to expand in testing for allergies and autoimmune diseases for €2.47 billion ($3.5 billion) in cash purchase.[15]

In 2013 Thermo Fisher agreed to buy Life Technologies for $13.6 billion. The sale was completed on 4 February 2014, and the Life Technologies brand became part of the Life Sciences Solutions Group of Thermo Fisher Scientific.

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.[16] In June 2015, the company announced its intention to acquire Alfa Aesar, a global manufacturer of research chemicals for $405 million[17] from Johnson Matthey, and the acquisition was completed at the end of September[18]

In January 2016, the company announced it would acquire Affymetrix for $1.3 billion.[19] On May 27, 2016, the company announced it would acquire FEI Company for $4.2 billion, a manufacturer of electron microscopes.[20][21] This acquisition is anticipated to close in early 2017 and will contribute to the growth of Thermo's Analytical Instruments business group.[22] 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.[23]

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.[24] The transaction was completed a day later.[25] In March, the company announced it would acquire Core Informatics, provider of cloud-based platforms supporting scientific data management.[26] In May, the company announced it would acquire CDMO, Patheon, for $7.2 billion.[27]

Acquisition history

The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):

Illustration of the company's mergers, acquisitions, spin-offs and historical predecessors
Thermo Fisher Scientific
Fisher Scientific

Scientific Materials Co.
(Est 1902)

Scientific Supplies, Ltd
(Acq 1925)

Eimer & Amend
(Acq 1940)

E. Machlett & Sons
(Acq 1957)

Janssen Chimica

Eastman Kodak Company
(Organic Chemicals div)

Apogent Technologies Inc.
(Acq 2004)

Acquire Athena Diagnostics
(Acq 2006)

Thermo Electron

Kendro Laboratory Products
(Acq 2005)

Rupprecht and Patashnick Co., Inc.
(Acq 2005)

NITON LLC
(Acq 2005)

InnaPhase Corporation
(Acq 2004)

US Counseling Services, Inc.
(Acq 2004)

Jouan SA
(Acq 2004)

Laboratory Management Systems, Inc.
(Acq 2003)

Phadia
(Acq 2011)

Life Technologies
(Acq 2013)
Invitrogen Corporation
(Merged 2008)

Caltag Laboratories

Zymed

CellzDirect

BioSource

InforMax

Panvera

Dynal

Molecular Probes

Ethrog Biotechnology

Research Genetics, Inc
(Acq 1999)

NOVEX

Applied Biosystems
(Merged 2008)

Advanced Scientifics
(Acq 2015)

Alfa Aesar
(Acq 2015)

Affymetrix (Acq 2016)

Genetic MicroSystems
(Acq 1999)

Neomorphic
(Acq 2000)

ParAllele Bioscience

USB Corporation
(Acq 2008)

Panomics
(Acq 2008)

True Materials
(Acq 2000)

eBioscience
(Acq 2012)

FEI Company
(Acq 2016)

FEI Company
(Est 1971 as Field Electron and Ion Co. Merged 1997)

Philips Electron Optics
(Merged 1997)

Micrion
(Acq 1999)

MTI-GlobalStem
(Acq 2016)

Finesse Solutions, Inc.
(Acq 2017)

Core Informatics
(Acq 2017)

Patheon
(Acq 2017)

MOVA
(Acq 2004)

Banner Pharmacaps
(Acq 2013)

Royal DSM NV
(Pharmaceutical div, merged 2014)

Gallus Pharmaceuticals
(Acq 2014)

Agere Pharmaceuticals
(Acq 2015)

Acquisitions and brands currently owned by Thermo-Fisher

Source:[28]

  • Accumed
  • Acros Organics BVBA
  • Advanced Scientifics, Inc.
  • Affymetrix[29]
  • Alfa Aesar[30]
  • Allied Analytical Systems
  • Ambion
  • Amdel Instrumentation
  • AMINCO-Bowman
  • Applied Research Laboratories
  • Argus
  • ARL
  • ARL/Fisons
  • ATI Instruments North America
  • Autometrics
  • B•R•A•H•M•S USA, Inc.
  • Baird
  • Barnstead
  • Best Inspection
  • BioImage[31]
  • Biolab
  • Brandt Instruments
  • Cahn
  • CarePlan
  • Carlo Erba
  • CASCO
  • CE Instruments
  • CEDIA
  • Chase
  • Chemiclave
  • CIDTEC, Inc.
  • Clintrak Clinical Labeling Services, LLC
  • Cohesive Technologies
  • Consolidated Technologies, Inc.
  • CRS Ltd.
  • Damon/IEC
  • Denley
  • Diagnostix, Ltd.
  • Dionex
  • Doe and Ingalls
  • DRI Microgenics
  • DUKE
  • Eberline LLC
  • EC
  • EC Apparatus
  • EGS Gauging, Inc.
  • Electron
  • Elemental
  • EnviroTech Controls
  • Epoxyn Products L.L.C.
  • Epsilon
  • Erie Handcare
  • Erie Scientific Company
  • ESA
  • Esco
  • FEI Company[32]
  • Fermentas Inc.
  • Finnigan
  • Finnzymes
  • Fisons Instruments
  • Fi-Streem
  • Flow Automation
  • Fluid Data
  • Flux Instruments
  • Forma
  • Forma Scientific
  • Gamma-Metrics LLC
  • GH Flow Automation
  • Gibco
  • GK Intertest
  • Gold Seal
  • Goring Kerr Ltd
  • Graseby
  • H+P
  • HAAKE
  • Harris
  • Harvey
  • Hascal Systems
  • Helix MC
  • Heraeus[citation needed]
  • Herz and Partner
  • Heto
  • Hilger
  • Hitech
  • Holten
  • Houston Atlas
  • Hypersil-Keystone LLC
  • Icore
  • IEC
  • Inel
  • Innofluor
  • Instrumentation Laboratory
  • Intertest Ltd
  • Invitrogen
  • Ionalytics
  • Ion Torrent
  • Isotemp
  • Jarrell-Ash
  • Jewett
  • Don Sandora Science
  • Jouan
  • Kay Ray
  • Kendro
  • Kevex
  • Keystone Scientific
  • KeyTek LLC
  • Labindustries
  • Lab-Line
  • Labquake
  • LabSystems, Inc.
  • LDC
  • Life Technologies Corporation
  • Lindberg Blue M
  • Linear
  • Linkage Biosciences
  • Locator
  • Magellan Biosciences
  • MAS SeraMag
  • Material Testing
  • Matrix Technologies LLC
  • Mattson
  • Max Q
  • Measuretech Canada Inc.
  • Megapure
  • Menzel
  • MF Physics Corporation
  • Microgenics Corporation
  • MIE, Inc.
  • Milton Roy
  • MoistureSystems
  • Molecular BioProducts Inc
  • MSC Moisture Systems
  • Nalge Nunc International Corporation
  • NanoDrop
  • Nanopure
  • Napco
  • NCAT
  • Neslab
  • Nexray
  • Nicolet Industrial Solutions
  • Nicolet Instrument
  • Nippon Jarrell Ash
  • Niton Analyzers LLC
  • NORAN Instruments
  • Northern Scientific
  • NovaWave Technologies, Inc.
  • Novodirect (Germany)
  • Nuclear Semiconductor
  • Nuova
  • Omega Data Systems
  • One Lambda
  • Onix
  • OpitBind
  • Optek
  • Orion Inc.
  • Owl Separation Systems
  • Oxoid
  • Patheon[33]
  • Pactech
  • Pathatrix
  • Peek Measurement
  • Phadia
  • Phenom-World
  • Philips Scientific
  • Pierce Biotechnology, Inc
  • PMC
  • Polychromix
  • Polysonics
  • Precision
  • Proxeon
  • Puffer Hubbard
  • PV Dry II
  • Pye Unicam
  • Pyrometer
  • QMS
  • Quantech
  • Quest
  • Queue
  • R&P
  • Ramsey Inc.
  • Ramsey Mesulect
  • Ramsey Process Controls
  • RCCI Australia
  • Redox
  • Revco
  • Remel
  • Richard-Allan Scientific Company
  • Rupprecht and Patashnick
  • Sarasota
  • Savant
  • Scintag
  • ScreenMates
  • Sensall
  • Sensititre
  • Sentron Canada Inc.
  • Seradyn
  • SeraMag
  • SLM Instruments
  • Sorvall
  • Spectrace
  • Spectra-Physics
  • SpectraSYSTEM
  • Spectra-Tech
  • Spectronex
  • Spectronic Instruments
  • Speedbeads
  • SSDetect
  • STEM
  • Sterilemax
  • TDX
  • Tecno Europa
  • Texas Nuclear
  • Thermedics Detection de Mexico
  • Thermolyne
  • Thermo Shandon
  • ThermoQuest
  • TJA Solutions
  • TMQ
  • TN Technologies
  • Tokeim Automation
  • Tracor Northern
  • Trek Diagnostic Systems, Inc.
  • Tremetrics
  • TSP
  • Turner
  • Unicam
  • Unicam Vacuum Generators
  • Unity Lab Services
  • Vapo-Steril
  • Varioklav
  • Veeco[citation needed]
  • VersaTrek
  • VG Scientific
  • Westronics

References

  1. ^ a b c d e f "Thermo Fisher Scientific Inc. 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. January 2018.
  2. ^ Brennan, Zachary (March 2013). "Price of Life Tech Steady at $11B as Roche Joins Bidding War". Outsourcing-Pharma.com. Retrieved 2017-08-03.
  3. ^ Bill Berkrot and Susan Kelly (15 April 2013). "Thermo Fisher to buy Life Tech for $13.6 billion". Reuters.
  4. ^ "Equipamentos e produtos para laboratórios - Analítica". analiticaweb.com.br.
  5. ^ http://fisherhealthcare.dirxion.com Archived 2011-02-04 at the Wayback Machine
  6. ^ http://web.mit.edu/newsoffice/founders/Thermo.html Company founding
  7. ^ "Financial Statements for Thermo Fisher Scientific Inc. - Google Finance". google.com.
  8. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2013-10-14. Retrieved 2013-07-17. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  9. ^ "PPG Vice President Fisher Dies". thefreelibrary.com.
  10. ^ a b "Thermo Fisher Scientific : Corporate Profile". Archived from the original on 2007-07-03. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  11. ^ a b Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific Archived 2012-07-22 at archive.today, press release, November 9, 2006
  12. ^ Merger of Thermo and Fisher anticompetitive, FTC Ruling
  13. ^ 3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac, Ltd. Press Release.
  14. ^ FTC consent to Genevac divestiture, FTC news release
  15. ^ "Thermo Fisher Rises to Record After $3.5 Billion Phadia Buy". Bloomberg.
  16. ^ "Thermo Fisher Scientific Acquires Single-Use Specialist ASI for $300 Million - GEN News Highlights - GEN". GEN.
  17. ^ "Thermo Fisher Scientific Agrees to Acquire Research Chemicals Firm". GEN.
  18. ^ "Thermo Fisher Scientific - Thermo Fisher Scientific Completes Acquisition of Alfa Aesar to Significantly Expand Laboratory Chemicals Offering". Retrieved 5 January 2016.
  19. ^ "Thermo Fisher Scientific to Acquire Affymetrix for $1.3B - GEN Genetic Engineering & Biotechnology News - Biotech from Bench to Business - GEN".
  20. ^ Hallam, Kristen (27 May 2016). "Thermo Fisher Scientific to Buy FEI for About $4.2 Billion". Bloomberg. Retrieved 2016-05-28.
  21. ^ Schultz, Clark (27 May 2016). "Thermo Fisher Scientific lands FEI Company". Seeking Alpha. FEI. Retrieved 2016-05-27.
  22. ^ Seiffert, Don (27 May 2016). "Thermo CEO mum on whether he had competitors in $4.2B bid for FEI". Boston Business Journal. Retrieved 31 May 2016.
  23. ^ "Thermo Fisher Scientific Acquires MTI-GlobalStem - Thermo Fisher Scientific eNews". news.thermofisher.com.
  24. ^ "Thermo Fisher Scientific Receives Early Termination of Hart-Scott-Rodino Waiting Period for Acquisition of Finesse Solutions, Inc. - Thermo Fisher Scientific eNews". news.thermofisher.com.
  25. ^ "Thermo Fisher Scientific Completes Acquisition of Finesse Solutions, Inc. - Thermo Fisher Scientific eNews". news.thermofisher.com.
  26. ^ "Thermo Fisher Scientific Acquires Core Informatics, Provider of Leading Cloud-Based Scientific Data Platforms - Thermo Fisher Scientific eNews". news.thermofisher.com.
  27. ^ "Thermo Fisher Scientific to Acquire Patheon for $7.2B - GEN Genetic Engineering & Biotechnology News - Biotech from Bench to Business - GEN". GEN.
  28. ^ "Legal Entity Reference Guide" (PDF). Thermo Fisher Scientific. July 1, 2015.
  29. ^ "Thermo Fisher Scientific to Acquire Affymetrix". BusinessWire. Retrieved 2017-12-04.
  30. ^ "Thermo Fisher Scientific Completes Acquisition of Alfa Aesar to Significantly Expand Laboratory Chemicals Offering". BusinessWire. Retrieved 2017-12-04.
  31. ^ "Life Technologies" (PDF). www.bioimage.com. Retrieved 2017-04-24.
  32. ^ "Thermo Fisher Scientific Completes Acquisition of FEI Company". BusinessWire. Retrieved 2017-12-04.
  33. ^ "Thermo Fisher Scientific Completes Acquisition of Patheon". PR NewsWire. Retrieved 2017-12-04.
  • Business data for Thermo Fisher Scientific:
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