- Thermo Electron
Infobox Defunct Company
company_name = Thermo Electron Corporation
company_
slogan =
fate = Merged
successor =Thermo Fisher Scientific
foundation =1956
defunct =2006
location =Waltham, Massachusetts
products = Analytical and scientific products and services
num_employees = 11,000Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956)was a major provider of analytical instruments and services for a variety of domains.
Thermo had revenues of over $2 billion, and employed 11,000 people in 30 countries.
On
May 14 ,2006 , Thermo andFisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange; the merged company will be namedThermo 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, theFederal Trade Commission ruled that this acquision was anticompetitive with regard tocentrifugal evaporator s, requiring Fisher to divestGenevac . [ [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]Notes
External links
* [http://www.thermo.com/com/cda/article/general/0,2259,34,00.html Names of Former Companies Now Part of Thermo Electron]
* [http://web.mit.edu/newsoffice/founders/Thermo.html History of company founding]
Wikimedia Foundation. 2010.
