Fate Merged Successor Thermo Fisher Scientific Founder George N. Hatsopoulos Ceased operations 2006 | Defunct 2006 Number of employees 37,000 Founded 1956 | |
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Products Analytical and scientific products and services Headquarters Waltham, Massachusetts, United States Parent organization Life Sciences International ltd | ||
Thermo electron 48i co analyzer 59610
Thermo Electron Corporation (NYSE: TMO) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains. Thermo Electron was co-founded in 1956 by George N. Hatsopoulos (DOB 07/01/1927), Peter M. Nomikos (DOB 26/02/1932). Hatsopoulos is a MIT PhD in mechanical engineering and Nomikos a Harvard Business School graduate.
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After graduating from Northeastern University in 1959 John Hatsopoulos (brother of George) joined the company as CFO. Arvin Smith joined the company in 1970 later serving as President from January 1998.
In 2011, Thermo Fisher Scientific, its successor, had revenues of over $11 billion, and employed 37,000 people.
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 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.