OR WAIT null SECS
Thermo Fisher Scientific is to acquire Dionex Corporation for approximately $2.1 billion.
Thermo Fisher Scientific is to acquire Dionex Corporation for approximately $2.1 billion. The transaction will bring together two complementary chromatography portfolios; combining Dionex’s ion and liquid chromatography systems and consumables with Thermo Fisher’s gas chromatography systems and consumables.
“The combination of Thermo Fisher and Dionex is extremely compelling from a technology, market and financial perspective,” said Marc N. Casper, president and CEO of Thermo Fisher. “It complements our strong presence in China, where we’ve established the headquarters for our global environmental instruments business and continue to build our commercial infrastructure to meet the needs of customers in growing water quality, consumer safety and life sciences markets.” According to the companies, Dionex currently generates more than 35% of its revenues in Asia Pacific and other emerging high-growth geographies. This deal, therefore, continues Thermo Fisher’s reported strategy of increasing its footprint in Asian markets, as well as other global markets, such as Brazil.
“We are pleased to be joining Thermo Fisher,” said Frank Witney, president and CEO of Dionex. “Thermo Fisher’s commitment to innovation will fuel our ongoing technology development, and their global manufacturing and commercial presence will significantly strengthen our ability to deliver quality products and services to our customers around the world.”