Thermo Electron Corporation (NYSE: TMO) (incorporated 1956) 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]
 | |
| Founded | 1956 |
|---|---|
| Founder | George N. Hatsopoulos  |
| Defunct | 2006 |
| Fate | Merged with Fisher Scientific |
| Successor | Thermo Fisher Scientific |
| Headquarters | Waltham, Massachusetts |
| Products | Analytical and scientific products and services |
Number of employees | 37,000 |
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 edit
- Zetatron, a high-voltage neutron generating vacuum tube
References edit
- ^ http://web.mit.edu/newsoffice/founders/Thermo.html Company founding
- ^ "Stocks". Bloomberg News. 6 July 2023.
- ^ "Arvin H Smith, Glenrose Instruments Inc: Profile and Biography". Bloomberg News.
- ^ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific Archived 2012-07-22 at archive.today, 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
External links edit
- www.thermoelectron.com (25 June 2006 snapshot from Internet Archive)