Founded | 1956 |
---|---|
Founder | George N. Hatsopoulos |
Defunct | 2006 |
Fate | Merged with Fisher Scientific |
Successor | Thermo Fisher Scientific |
Headquarters | Waltham, Massachusetts |
Products | Analytical and scientific products and services |
Number of employees | 37,000 |
Thermo Electron Corporation (NYSE: TMO) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains. It was co-founded in 1956 by George N. Hatsopoulos, an MIT PhD in mechanical engineering, and Peter M. Nomikos, a Harvard Business School graduate, who provided initial funding. [1]
After graduating from Northeastern University in 1959 John Hatsopoulos [2] (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998. [3]
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. [4] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac. [5] In April 2007, Genevac was sold to Riverlake Partners LLC [6] and the merger closed with FTC approval. [7]
In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.
Office Depot, Inc. is an American office supply retailer headquartered in Boca Raton, Florida. The company operates 1,400 retail stores in the United States under the Office Depot and OfficeMax brands, as well as e-commerce sites and a business-to-business sales organization. The company has combined annual sales of approximately $11 billion, and employs about 38,000 people in the United States.
Affymetrix is now Applied Biosystems, a brand of DNA microarray products sold by Thermo Fisher Scientific that originated with an American biotechnology research and development and manufacturing company of the same name. The Santa Clara, California-based Affymetrix, Inc. now a part of Thermo Fisher Scientific was co-founded by Alex Zaffaroni and Stephen Fodor. Stephen Fodor and his group, based on their earlier development of methods to fabricate DNA microarrays using semiconductor manufacturing techniques.
Fisher Scientific International, Inc. was a laboratory supply and biotechnology company that provided products and services to the global scientific research and clinical laboratory markets until its merger with Thermo Electron in 2006, after which it became Thermo Fisher Scientific. The company offered products and services to over 350,000 customers located in approximately 150 countries including pharmaceutical and biotechnology companies, secondary and higher education institutions, hospitals and medical research institutions, and quality control, process control and research and development laboratories.
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George Nicholas Hatsopoulos was a Greek American mechanical engineer noted for his work in thermodynamics and for having co-founded Thermo Electron.
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The Pittcon Heritage Award recognizes "outstanding individuals whose entrepreneurial careers shaped the instrumentation and laboratory supplies community." The award is jointly sponsored by the Pittsburgh Conference on Analytical Chemistry and Applied Spectroscopy (Pittcon) and the Science History Institute. The award is presented annually at a special ceremony during Pittcon.