Thermo Fisher Scientific Strengthens Bioproduction Offering by Acquiring Advanced Scientifics, Inc.

Thursday, February 5, 2015 7:30 am EST

Dateline:

WALTHAM, Mass.

Public Company Information:

NYSE:
TMO
"We see this acquisition as a great opportunity to meet customer demand for quality and productivity in bioprocessing, and plan to leverage our global reach to bring these innovative products to a larger customer base."

WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced it has acquired Advanced Scientifics, Inc. (ASI), a global provider of single-use technologies for customized bioprocessing solutions, for $300 million in cash.

ASI designs, manufactures and delivers customized single-use systems and equipment for the preparation, processing, storage and transportation of biopharmaceuticals. The company has 380 employees and operations in Pennsylvania and Mexico.

“ASI’s intense customer focus has led to the development of innovative solutions that complement our existing single-use technologies and expand our offering across the bioprocessing workflow,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “We see this acquisition as a great opportunity to meet customer demand for quality and productivity in bioprocessing, and plan to leverage our global reach to bring these innovative products to a larger customer base.”

Advanced Scientifics had approximately $80 million in 2014 revenue and will be integrated into Thermo Fisher’s Life Sciences Solutions Segment. The company expects accretion to its adjusted earnings per share from the acquisition to be immaterial.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with revenues of $17 billion and approximately 50,000 employees in 50 countries. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity. Through our premier brands – Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific and Unity Lab Services – we offer an unmatched combination of innovative technologies, purchasing convenience and comprehensive support. For more information, please visit www.thermofisher.com.

Contact:

Thermo Fisher Scientific Inc.
Media Contact Information:
Ron O’Brien, 781-622-1242
ron.obrien@thermofisher.com
www.thermofisher.com
or
Investor Contact Information:
Ken Apicerno, 781-622-1294
ken.apicerno@thermofisher.com

Thermo Fisher Tweets

Leak-free design—minimize the number of failed gels, waste less time. https://t.co/twKiAwuz6U https://t.co/zGF0W7YbcR-2 hours 40 min ago
ENTER the Gibco Life of Cells Sweepstakes to WIN a limited edition poster tube: https://t.co/9ACTxQW5P3 https://t.co/gvDRlV0JxF-3 hours 33 min ago
What do YOU think? Can you have both in the lab? Sound off! https://t.co/zEkoBK2jDh https://t.co/41fL6XSJ9k-17 hours 11 min ago
Attending AACC next week? We’d love to see you, visit us at booth 2145 and 2334. #AACC2016. https://t.co/QX2kW5PCdd https://t.co/UwyCUDAaw8-1 day 4 hours ago
LEARN HOW to be aliquot-free! https://t.co/h15QhPE9PO https://t.co/orbKGWLZ8o-2 days 2 hours ago