Thermo Electron
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Thermo Electron Corporation (NYSE: TMO) was a major provider of analytical instruments and services for a variety of domains. It was co-founded in 1956 by George N. Hatsopoulos, an MIT PhD in mechanical engineering, and Peter M. Nomikos, a Harvard Business School graduate, who provided initial funding.[1]
After graduating from Northeastern University in 1959, John Hatsopoulos[2] (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.[3]
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.[4] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[5] In April 2007, Genevac was sold to Riverlake Partners LLC[6] and the merger closed with FTC approval.[7]
In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.
Products
- Zetatron, a high-voltage neutron generating vacuum tube
References
External links
- Official website (25 June 2006 snapshot from Internet Archive)
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- ↑ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific Template:Webarchive, 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
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- Thermo Fisher Scientific
- Defunct electronics companies of the United States
- Research support companies
- Defunct manufacturing companies based in Massachusetts
- Electronics companies established in 1956
- Technology companies established in 1956
- Technology companies disestablished in 2006
- 1959 establishments in Massachusetts
- 2006 disestablishments in Massachusetts
- 2006 mergers and acquisitions