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Thermo Electron Corporation ( NYSE: 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. Initial funding was provided by Peter M. Nomikos, a 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.
www.thermoelectron.com
(25 June 2006 snapshot from Internet Archive) 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
Thermo Electron Corporation ( NYSE: 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. 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 p ...
graduate.
After graduating from Northeastern University
Northeastern University (NU) is a private university, 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 ...
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. 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 ov ...
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. In April 2007, Genevac was sold to Riverlake Partners LLC and the merger closed with FTC approval.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 vacuum tube device that generates a stream of neutronsReferences
{{reflist, 30emExternal links
www.thermoelectron.com
(25 June 2006 snapshot from Internet Archive) 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