Thermo Electron Corporation (

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

: 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 The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of modern technology and sc ...

PhD in

mechanical engineering Mechanical engineering is the study of physical machines and mechanism (engineering), mechanisms that may involve force and movement. It is an engineering branch that combines engineering physics and engineering mathematics, mathematics principl ...

, and Peter M. Nomikos, a

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

graduate, who provided initial funding. After graduating from

Northeastern University Northeastern University (NU or NEU) is a private university, private research university with its main campus in Boston, Massachusetts, United States. It was founded by the Boston Young Men's Christian Association in 1898 as an all-male instit ...

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 20 ...

announced that they would

merge Merge, merging, or merger may refer to: Concepts * Merge (traffic), the reduction of the number of lanes on a road * Merge (linguistics), a basic syntactic operation in generative syntax in the Minimalist Program * Merger (politics), the comb ...

in a tax-free, stock-for-stock exchange. The merged company became

Thermo Fisher Scientific Thermo Fisher Scientific Inc. is an American life science and clinical research company. It is a global supplier of analytical instruments, clinical development solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology s ...

. 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) United States antitrust law, antitrust law and the promotion of consumer protection. It ...

ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac. In April 2007, Genevac 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 neutron generating vacuum tube

References

{{reflist, 25em

External links

Official website
(25 June 2006 snapshot from

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) Thermo Fisher Scientific Defunct 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