PITT2011-ArvinSmith,TomTritton,GeorgeHatsopoulos

Thermo Electron Corporation (

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

: TMO) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains. It was founded in 1956 by George N. Hatsopoulos, an MIT PhD in

mechanical engineering Mechanical engineering is the study of physical machines that may involve force and movement. It is an engineering branch that combines engineering physics and mathematics principles with materials science, to design, analyze, manufacture, ...

. Initial funding was provided by Peter M. Nomikos, a

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

graduate. After graduating from

Northeastern University Northeastern University (NU) is a private research university with its main campus in Boston. Established in 1898, the university offers undergraduate and graduate programs on its main campus as well as satellite campuses in Charlotte, North Ca ...

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 Fisher Scientific International, Inc. ( NYSE: FSH) was a laboratory supply and biotechnology company that provided products and services to the global scientific research and clinical laboratory markets until its merger with Thermo Electron in 2 ...

announced that they would merge in a tax-free, stock-for-stock exchange. The merged company became

Thermo Fisher Scientific Thermo Fisher Scientific Inc. is an American supplier of scientific instrumentation, reagents and consumables, and software services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Sc ...

. On November 9, 2006, the companies announced that the merger had been completed. However, the

Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction o ...

ruled that this acquisition was anticompetitive with regard to

centrifugal evaporator A centrifugal evaporator is a device used in chemical and biochemical laboratories for the efficient and gentle evaporation of solvents from many samples at the same time, and samples contained in microtitre plates. If only one sample required eva ...

s, requiring Fisher to divest

Genevac Genevac Ltd is a company which was founded in 1990 by Michael Cole. It used to specialize in the manufacture of vacuum pumps and centrifugal evaporators, but has since directed its attention to equipment designed for combinatorial chemistry Combina ...

. In April 2007,

was sold to Riverlake Partners LLC and the merger closed with FTC approval.FTC consent to Genevac divestiture
FTC news release In 2011, the aggregated company

had revenues of over $11 billion, and employed 37,000 people.

Products

* Zetatron, a high-voltage vacuum tube device that generates a stream of neutrons

References

{{reflist, 30em

External links

www.thermoelectron.com
(25 June 2006 snapshot from

Internet Archive The Internet Archive is an American digital library with the stated mission of "universal access to all knowledge". It provides free public access to collections of digitized materials, including websites, software applications/games, music, ...

) Defunct technology companies of the United States Electronics companies of the United States Research support companies Defunct manufacturing companies based in Massachusetts Electronics companies established in 1956 Technology companies established in 1956 Technology companies disestablished in 2006 1959 establishments in Massachusetts 2006 disestablishments in Massachusetts 2006 mergers and acquisitions