Thermo Electron
 | |
| Fate | Merged |
|---|---|
| Successor | Thermo Fisher Scientific |
| Founded | 1956 |
| Defunct | 2006 |
| Headquarters | Waltham, Massachusetts |
| Products | Analytical and scientific products and services |
Number of employees | 37,000 |
Thermo Electron Corporation (NYSE: TMO) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains. It was built by George Hatsopoulos, John Hatsopoulos, and Arvin Smith.[1]
In 2011, Thermo Fisher Scientific, its successor, had revenues of over $11 billion, and employed 37,000 people.
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.[2] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[3] In April 2007, Genevac was sold to Riverlake Partners LLC[4] and the merger closed with FTC approval.[5]
Products
- Zetatron, a high-voltage vacuum tube device that generates a stream of neutrons
See also
Notes
- ↑ "George and John Hatsopoulos, and Arvin Smith". Chemical Heritage Foundation. Retrieved 26 June 2013.
- ↑ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific, press release, November 9, 2006
- ↑ Merger of Thermo and Fisher anticompetitive, FTC Ruling
- ↑ 3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac, Ltd. Press Release.
- ↑ FTC consent to Genevac divestiture, FTC news release
External links
- www.thermoelectron.com (25 June 2006 snapshot from Internet Archive)
- History of company founding