Thermo to Sell Point of Care and Rapid Diagnostics Business
Thermo Electron Corporation announced that it has entered into a definitive agreement to sell its Point of Care and Rapid Diagnostics business, formally known as Thermo Biostar, to Inverness Medical Innovations for $52.5 million in cash. The closing of the acquisition is subject to Inverness obtaining the consent of its lenders, and to other ordinary and customary closing conditions. The sale is expected to be completed in the third quarter of 2005. Thermo's Point of Care and Rapid Diagnostics products are used to perform rapid diagnoses of infectious diseases as well as a range of diagnostic screening tests.
Over the past several years, Thermo has built its Life and Laboratory Sciences business into a market leader through organic growth, acquisitions, alliances and select divestitures. The company has achieved leadership positions in laboratory equipment and scientific instrumentation, as well as informatics and services.
"Although the Point of Care and Rapid Diagnostics business has performed well, we do not believe it to be a strategic fit with Thermo's long term strategy for growth," Marijn Dekkers, president and chief executive officer of Thermo Electron commented.
Other news from the department business & finance
These products might interest you
tritec® Chromatographic refrigerators by tritec für Labortechnik und Umweltsimulation
Energy-efficient chromatography refrigerators for precise temperature control
Safe storage of your HPLC systems at -5 °C to 20 °C with modern touchscreen display
Mars 6 by CEM
Everything under Control - with This Intelligent Microwave Digestion System
High Sample Throughput with Just One Click
PG 85 by Miele
Powerful, safe, flexible: Compact lab washers with intelligent wash system
Developed for the reprocessing of laboratory glassware for analytical experiments
CrystalBreeder by Technobis
CrystalBreeder: the next generation multi-reactor crystallization platform
Enhance your early stage solid state screening. New: controlled evaporation & vapor diffusion modes
Crystal16 by Technobis
Crystal16 - the ultimate instrument for research and process development
Upgrade your crystallization screens with the next generation benchtop crystallization system
ETN-12 EME by dichrom
World launch at analytica: Revolutionary sample prep with the world's first EME device
EME offers a unique, efficient and green way to extract target analytes from complex matrices
SmartCheck by Mettler-Toledo
Check Pipette Dosing Accuracy - Lightning Fast in Under a Minute
Detect dosing errors before it gets expensive
Automated Fusion Equipment by XRF Scientific
Automated Fusion Equipment
Sample Preparation at Highest Level
Laboratory lifting stages by JUCHHEIM Laborgeräte
Working more safely - lifting platforms for heavy loads in the test setup
Quick and vibration-free change of lifting height - for loads from 4 kg to 85 kg
OHAUS Laboratory equipment by Ohaus
Do More with OHAUS Laboratory Equipment
Do Not Limit Yourself to Just Measurement! Discover Ingenious Portfolio
BIOS ANALYTIQUE - Soluciones de Renting y Leasing para laboratorios by Bios Analytique
Specialists in the rental and leasing of scientific equipment for laboratories throughout Europe
Whether you have an unexpected requirement or limited budget, we have the perfect solution for you
FlowSyn and FlowSyn Maxi by Uniqsis
Continuous Flow Chemistry Systems for reaction optimisation and scale up
Perform reactions up to 300°C and 100 bar from 0.1 - 100 ml /minute
ST1 by a1-envirosciences
Weighing hazardous substances with a maximum of safety
The safety weighing cabin for your personal protection at the workplace
OHS Series: Overhead Stirrers by Velp Scientifica
State-of-the-art stirring power for a wide range of applications
Reliable overhead stirrers for different requirements in terms of viscosity and volume
KNAUER IJM NanoScaler by KNAUER
Efficient formulation of lipid nanoparticles for RNA-based therapies
Optimise drug encapsulation from 1 ml to hundreds of millilitres with minimal drug input
