Thermo Fisher Scientific set to buy Life Technologies for $13.6B

April 17, 2013
Medical instrumentation and technology supplier Thermo Fisher Scientific (NYSE: TMO) will acquire biotechnology company Life Technologies (NASDAQ: LIFE) for approximately $13.6 billion.

Medical instrumentation and technology supplier Thermo Fisher Scientific (NYSE: TMO; Waltham, MA) will acquire biotechnology company Life Technologies (NASDAQ: LIFE; Carlsbad, CA) for approximately $13.6 billion, plus the assumption of net debt at close ($2.2 billion as of year-end 2012).

Related: Life Technologies acquires Advanced Microscopy Group

The transaction, which was approved by both companies’ boards of directors, will enable faster results for life sciences customers working in proteomics, genomics, and cell biology.

Life Technologies provides products and services to customers conducting scientific research and genetic analysis, as well as those in applied markets, such as forensics and food safety testing. With 2012 revenues of $3.8 billion, its comprehensive offering includes reagents, consumables, instruments, and systems.

The transaction is expected to close early in 2014 and is subject to closing conditions, including regulatory approvals.


Follow us on Twitter, 'like' us on Facebook, and join our group on LinkedIn

Subscribe now to BioOptics World magazine; it's free!

Sponsored Recommendations

Request a quote: Micro 3D Printed Part or microArch micro-precision 3D printers

April 11, 2024
See the results for yourself! We'll print a benchmark part so that you can assess our quality. Just send us your file and we'll get to work.

Request a free Micro 3D Printed sample part

April 11, 2024
The best way to understand the part quality we can achieve is by seeing it first-hand. Request a free 3D printed high-precision sample part.

How to Tune Servo Systems: The Basics

April 10, 2024
Learn how to tune a servo system using frequency-based tools to meet system specifications by watching our webinar!

Precision Motion Control for Sample Manipulation in Ultra-High Resolution Tomography

April 10, 2024
Learn the critical items that designers and engineers must consider when attempting to achieve reliable ultra-high resolution tomography results here!

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!