Thermo Electron Corp. and Fisher Scientific International Inc. have completed a merger, creating Thermo Fisher Scientific Inc. The companies combined in a tax-free, stock-for-stock transaction following anti-trust clearance received from the European Commission.
Headquartered in Waltham, MA, the new company has approximately $9 billion in revenues and 30,000 employees. Thermo Fisher Scientific will trade on the New York Stock Exchange under the symbol TMO.
“This is an historic day for both companies, as two industry leaders join forces to create Thermo Fisher Scientific,” said Marijn E. Dekkers, president and chief executive officer of Thermo Fisher Scientific. “The new company combines Thermo’s industry-leading analytical instrumentation with Fisher’s world-renowned laboratory reagents and consumables. As a result, we can deliver advanced technological solutions and integrated workflows to help our customers push the boundaries of scientific discovery, with increased efficiency. In addition, we have unprecedented access to our customers across the globe through the largest sales force in the industry, and through our catalog and e-commerce channels. With a seasoned leadership team in place, we now look forward to realizing the benefits of this combination quickly and seamlessly, while working toward the long-term success of our new organization.”