Thermo Fisher Scientific Inc. and QIAGEN N.V. announced that they have entered into an amendment to their acquisition agreement under which Thermo Fisher has commenced a tender offer to acquire all of the ordinary shares of QIAGEN. The amendment provides for an increase from the original of ... more
Thermo Fisher Scientific completes acquisition of FEI Company
Thermo Fisher Scientific Inc. announced that it has completed its acquisition of FEI Company, Inc. a manufacturer of high-performance electron microscopy, for $107.50 per share in cash, or a total purchase price of approximately $4.2 billion. The completion of the transaction follows the receipt of all required regulatory approvals. The business will become part of Thermo Fisher’s Analytical Instruments Segment.
“We are pleased to complete this transaction and officially welcome our new colleagues from FEI to Thermo Fisher,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “With FEI’s leading electron microscopy platform, we’re now in an even stronger position to help our life sciences customers accelerate advancements in structural biology. FEI’s products also create new opportunities for us to serve customers in materials science markets that increasingly rely on nanotechnologies. FEI is an outstanding strategic fit with our Analytical Instruments business and we will create significant value for our customers by leveraging our global scale and commercial reach to extend the use of these technologies. For our shareholders, we expect to deliver immediate earnings accretion and synergies.”
As previously communicated, the company expects to realize total synergies of approximately $80 million by year three following the close, consisting of approximately $55 million of cost synergies and approximately $25 million of adjusted operating income 1 benefit from revenue-related synergies. Thermo Fisher continues to expect the transaction to be accretive to adjusted earnings per share 1 by $0.30 in the first full year after close.
Thermo Fisher will update its 2016 annual guidance to reflect the addition of FEI during its third quarter earnings call on October 27, 2016.
As a result of the completion of this transaction, FEI stock will cease trading and will no longer be listed on The NASDAQ Global Select Market.
- Thermo Fisher Scientific
Thermo Fisher Scientific Inc. and QIAGEN N.V. announced that their boards of directors, as well as the managing board of QIAGEN N.V., have unanimously approved Thermo Fisher’s proposal to acquire QIAGEN for €39 per share in cash. The offer price represents a premium of approximately 23% to ... more
Thermo Fisher Scientific Inc. officially opened its new global headquarters at 168 Third Avenue in Waltham, Mass. The company designed and constructed the new 286,000-square-foot facility in accordance with green building rating systems, making it eligible for LEED (Leadership in Energy & E ... more
Sample security and low compound adsorption to keep your samples safe and secure ✓ Three distinct performance levels to meet your price and performance needs ✓ Complete instrument compatibility for all chromatography autosamplers ✓ more
The Thermo Scientific™ iCAP™ PRO Series ICP-OES combines powerful multi-element capability with flexibility so your lab is ready for any challenge. more
Sensitive, universal detection with a near-uniform response ✓ Measures any non-volatile and semi-volatile analytes at sub-nanogram ✓ Does not require a chromophore or ionization more
Routine laboratories analyzing for trace elements are ever more committed to reducing cost per sample by decreasing method runtimes and looking for best-in-class robustness. The Thermo Scientific™ iCAP™ PRO Series ICP-OES combines powerful multi-element capability with flexibility so your l ... more
Comprehensive collection of information for clinical/translational/drug monitoring research, forensic testing, and sports antidoping analysis more
Discover instrumental solutions and workflows to meet regulatory demands and hear about latest work done in the area if emerging contaminants. more
Organizations have made significant investments in enterprise and laboratory tools, technologies and solutions to help improve productivity, better manage data/information and optimize their business processes. However, the reality is that most comp more
FEI and The Scripps Institute have announced that the Leginon(TM) software system, an advanced solution for automated control and image acquisition from a transmission electron microscope (TEM), will now be available to the global scientific community as open source code. The Leginon softwa ... more
- 1Smartphone-powered microchip for at-home medical diagnostic testing developed
- 2Measuring the ‘wettability’ of graphene and other 2D materials
- 3New method revolutionizes cancer diagnosis
- 4analytica 2022: Analytics that benefit consumer and environmental protection
- 5New technique shows in detail where drug molecules hit their targets in the body
- 6Bruker and TOFWERK Form Strategic Partnership
- 7Researchers demonstrate label-free super-resolution microscopy
- 8A sharper image for proteins
- 9Nanotechnology enables visualization of RNA structures at near-atomic resolution
- 10analytica 2022: New instruments for personalized medicine