Thermo Fisher Scientific

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-Infobox_Company
company_name = Thermo Fisher Scientific
company_
company_type = Public (NYSE|TMO)
company_slogan = The world leader in serving science
foundation = 2006 by Merger of Thermo Electron and Fisher Scientific
location = Waltham, Massachusetts, USA
key_people = Marijn Dekkers, President and CEO
num_employees = 30,000 (2007)
industry = Conglomerates
products = Analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics
revenue = profit$9.75 Billion USD (2007)
net_income = profit$168.9 Million USD (2006)
homepage = [http://www.thermofisher.com/ www.thermofisher.com]

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

Thermo Electron was founded in 1956 by George Hatsopoulos, an MIT PhD in mechanical engineering. [http://web.mit.edu/newsoffice/founders/Thermo.html Company founding] It focused on providing analytical and laboratory products and services, and had revenues of over $2 billion in 2004. [ [http://finance.google.com/finance?fstype=ii&q=NYSE:TMO Financial Statements for Thermo Fisher Scientific Inc. - Google Finance ] ]

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. [ [http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-homeProfile Thermo Fisher Scientific : Corporate Profile ] ]

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. [ [http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight= Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific] , press release, November 9, 2006] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac. [ [http://www.ftc.gov/os/caselist/0610187/0610187dopublic.pdf Merger of Thermo and Fisher anticompetitive] , FTC Ruling] In April 2007, Genevac was sold to Riverlake Equity Partners LP [http://www.riverlakepartners.com/] and the merger closed with FTC approval. [ [http://www.ftc.gov/opa/2007/03/fyi07230.htm FTC consent to Genevac divestiture] , FTC news release]

Currently, the company's products are sold under the brand names of both Thermo Scientific and Fisher Scientific. According to company figures, 46% of its sales are in life sciences, 20% in healthcare, and 34% in industrial/environmental and safety. [ [http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-homeProfile Thermo Fisher Scientific : Corporate Profile ] ]

Thermo Fisher is a global worldwide company with offices and operations in most countries around the world, most notably in the USA, mainland europe and the UK.

Products

References

External links

* [http://fisherhealthcare.dirxion.com Fisher HealthCare Clinical Catalog - The Digital Edition]
* [http://fisherhealthcare.dirxion.com Fisher HealthCare Rapid Diagnostics Catalog - The Digital Edition]