Thermo acquires Fisher Scientific

Thermo Electron (Waltham, Massachusetts) announced the acquisition of Fisher Scientific International Inc. (Pittsburgh, Pennsylvania).

?The combined ?Thermo Fisher Scientific,? which sees more than $9 billion in 2007 revenue, will have a 7500-member sales force. Meanwhile, the lab supply industry at large, worth an estimated $20 billion to $25 billion in annual sales, remains largely ?fragmented? with pharmaceutical and biotechnology customers demanding more one-stop shopping,? said John Sullivan, an analyst with Leerink Swan & Co.