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Thermo Fisher Scientific Inc.. (3/24/14). "Press Release: Thermo Fisher Scientific Completes Sale of Certain Biosciences Businesses to GE Healthcare". Waltham, MA.

Organisations Organisation Life Technologies Corporation
  Today Thermo Fisher Scientific Inc., Carlsbad, CA (Life Technologies business)
  Group Thermo Fisher (Group)
  Organisation 2 GE Healthcare
  Group General Electric (Group)
Products Product cell culture media
  Product 2 magnetic beads
Index terms Index term Thermo Fisher–General Electric: investment, 201401–201403 acquisition $1.06b cell culture media + sera + gene modulation + magnetic beads businesses
  Index term 2 Life Technologies–Thermo Fisher: investment, 201304–201402 acquisition $13.6b in cash $76.13/share
Persons Person Kirkwood, Karen (Thermo Fischer 201202 Media Relations)
  Person 2 Apicerno, Ken (Thermo Fisher 201003 Investor Relations)
     


Thermo Fisher Scientific (NYSE:TMO), the world leader in serving science, today announced that it has completed the sale of its cell culture (sera and media), gene modulation and magnetic beads businesses to GE Healthcare, a unit of General Electric Company (NYSE: GE), for $1.065 billion. The businesses will become part of GE Healthcare's Life Sciences division.

The combined revenue of the three businesses was $250 million in 2013. Thermo Fisher committed to sell these businesses to address regulatory concerns related to its acquisition of Life Technologies Corporation, which was completed on February 3, 2014.


About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE:TMO) is the world leader in serving science, with revenues of $17 billion and 50,000 employees in 50 countries. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity. Our four premier brands - Thermo Scientific, Life Technologies, Fisher Scientific and Unity Lab Services - offer an unmatched combination of innovative technologies, purchasing convenience and comprehensive support. For more information, please visit www.thermofisher.com.


Contact:

Thermo Fisher Scientific
Media Contact Information:
Karen Kirkwood, 781-622-1306
karen.kirkwood@thermofisher.com
www.thermofisher.com

or

Investor Contact Information:
Ken Apicerno, 781-622-1294
ken.apicerno@thermofisher.com

   
Record changed: 2016-03-20

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