Thermo Electron

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Thermo Electron Corporation
Type Public
Founded 1956
Headquarters Waltham, Massachusetts
Key people President & CEO: Marijn E. Dekkers
Products analytical and scientific instruments and services
Employees 11K+
Website www.thermo.com

Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956) is a major provider of analytical instruments and services for a variety of domains.

Thermo has revenues of over $2 billion, and employs 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 will be named Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed.[1] However, the Federal Trade Commission ruled that this acquision was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[2] In April 2007, Genevac was sold to Riverlake Equity Partners LP [1] and the merger closed with FTC approval.[3]

[edit] Notes

  1. ^ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific, press release, November 9, 2006
  2. ^ Merger of Thermo and Fisher anticompetitive, FTC Ruling
  3. ^ FTC consent to Genevac divestiture, FTC news release

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