Thermo Fisher Will Buy Dionex In $2.1 Billion Deal
December 13, 2010
The Associated Press reports, Thermo Fisher Scientific Inc. said it will buy laboratory equipment maker Dionex Corp. for $2.1 billion. The deal will expand Thermo Fisher’s business in the Asia-Pacific region and help it do more business in industries such as environmental analysis, water testing, and food safety. It is Thermo Fisher''s second deal in the last few weeks that targets growth in Asia and the Pacific. On Nov. 30, the company said it agreed to buy Lomb Scientific, which sells laboratory chemicals, consumables, and instruments in Australia and New Zealand. The boards of both companies have approved the deal. Dionex is based in Sunnyvale, Calif., and has 1,600 employees in 21 countries. It reported $419.6 million in revenue in its latest fiscal year, which ended June 30. Thermo Fisher had 35,400 employees at the end of 2009, and it expects $10.72 billion to $1.8 billion in revenue in 2010.