Thermo Fisher Buys into Bioproduction with $300M for Advanced Scientifics
Saturday, February 7, 2015
Source: Fierce Medical Devices
Research and lab-focused Thermo Fisher Scientific ($TMO) has acquired bioprocessing provider Advanced Scientifics (ASI) for $300 million in cash. The deal comes a scant year after its $13.6 billion purchase of Life Technologies and adds further to its Life Sciences Solutions business. It adds into the revenue mix ASI's global business providing biopharma preparation, processing, storage and transportation systems and equipment.
Prior to the deal, Thermo Fisher had four business units: Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics as well as Laboratory Products and Services.