Thermo Electron Corporation (NYSE: TMO) 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.
After graduating from Northeastern University in 1959, John Hatsopoulos (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.
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.Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific , press release, November 9, 2006 However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.Merger of Thermo and Fisher anticompetitive, FTC Ruling In April 2007, Genevac was sold to Riverlake Partners LLC3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac, Ltd. Press Release. and the merger closed with FTC approval.FTC consent to Genevac divestiture, FTC news release
In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.
Products Zetatron, a high-voltage neutron generating vacuum tube
References
External links Official website (25 June 2006 snapshot from Internet Archive)