Thermo acquires Fisher Scientific

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

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.