About Thermo Fisher

Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty

 diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher

 was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired

 other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa

 Aesar (2015), Affymetrix (2016),FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).

As of 2023, the company had a market capitalization of $202 billion. It ranked 97th on the Fortune 500 list based on its

 2022 annual revenue of US$44.92 billion.

Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos received a

 PhD from MIT in mechanical engineering and Nomikos was a Harvard Business School graduate. The company

 focused on providing analytical and laboratory products, and had revenues of over $2 billion in 2004.

Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh. It focused on providing laboratory

 equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education.

On May 8, 2006, Thermo Electron and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock

 exchange; the merged company was named Thermo Fisher Scientific, and had about 30,000 employees, and reported

 US$9 billion in combined revenue. On November 9, 2006, the companies announced that the merger had been

 completed. However, the Federal Trade Commission ruled that this acquisition was anti-competitive

 regarding centrifugal evaporators, requiring Fisher to divest Genevac. In April 2007, Genevac was sold to Riverlake

 Partners LLC and the merger closed with FTC approval.

In 2021, Thermo Fisher announced the construction of a cell therapy development, manufacturing and collaboration

 center in cooperation with University of California, San Francisco on the school's Mission Bay campus.

Today, the company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and several other

 recognized brand names (e.g. Chromacol, Nalgene, Cellomics, Pierce Protein Research and Fermentas). According to

 company figures, 46% of its sales are in life sciences, 20% in healthcare, and 34% in industrial/environmental and safety.

Thermo Fisher Scientific has offices and operations worldwide, notably in the U.S. and in Europe, and China having

 5,000 employees and contributing over 10% of the company's revenue.