Thermo Electron Corporation Named "2005 Company of the Year" by Instrument Business Outlook
Thermo Electron Corporation announced that it has been named "2005 Company of the Year" by Instrument Business Outlook (IBO). The award recognizes Thermo Electron's market leadership, strong financial and operational performance and outstanding technical contributions to the analytical and scientific instrumentation market in 2005.
IBO is published by Strategic Directions International, a recognized source for business intelligence for the analytical and life science market. The Company of the Year award credits Thermo with successfully meeting the evolving demands of the life science industry through its strategic investments in services and lab equipment, the expansion of its mass spectrometry portfolio and refined strategy targeted at emerging markets.
"At a time when many instrument companies are adjusting to the realities of the life science market, seeking to enter faster growing markets and technology segments, and trying to leverage further their size and operational efficiencies, Thermo has already met these challenges," states IBO's annual review. "During the year, the company capitalized on its diversified end-user markets by targeting growing applications and key regional investments. The company utilized its broad portfolio to create integrated solutions, launch a steady flow of new products, increase its sales to key customers and build its service business."
Throughout the year, Thermo significantly increased its ability to serve laboratory customers by introducing breakthrough technologies, as well as through strategic acquisitions and geographic expansion. Thermo became the world's largest supplier of laboratory equipment with its acquisition of Kendro Laboratory Products, and as the review points out, Thermo's recent facility openings in Shanghai, China and Mumbai, India have only increased the company's global presence.
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Topic World Mass Spectrometry
Mass spectrometry enables us to detect and identify molecules and reveal their structure. Whether in chemistry, biochemistry or forensics - mass spectrometry opens up unexpected insights into the composition of our world. Immerse yourself in the fascinating world of mass spectrometry!
Topic World Mass Spectrometry
Mass spectrometry enables us to detect and identify molecules and reveal their structure. Whether in chemistry, biochemistry or forensics - mass spectrometry opens up unexpected insights into the composition of our world. Immerse yourself in the fascinating world of mass spectrometry!