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Founded | 1956 |
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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.
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Cyberkinetics is an American company with roots tied to the University of Utah. It was co-founded by John Donoghue, Mijail Serruya, Gerhard Friehs of Brown University, and Nicho Hatsopoulos of the University of Chicago. The Braingate technology and related Cyberkinetic’s assets were sold to Blackrock Neurotech and BrainGate Inc. in 2008.
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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IQVIA, formerly Quintiles and IMS Health, Inc., is an American Fortune 500 and S&P 500 multinational company serving the combined industries of health information technology and clinical research. IQVIA is a provider of biopharmaceutical development, professional consulting and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including investment strategy and management consulting services. It has a network of more than 88,000 employees in more than 100 countries and a market capitalization of US$49 billion as of August 2021. As of 2023, IQVIA was reported to be one of the world's largest contract research organizations (CRO).
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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Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).
FEI Company was an American company that designed, manufactured, and supported microscope technology. Headquartered in Hillsboro, Oregon, FEI had over 2,800 employees and sales and service operations in more than 50 countries around the world. Formerly listed on the NASDAQ, it is now a subsidiary of Thermo Fisher Scientific.
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Patheon is a service brand within Thermo Fisher Scientific’s brand portfolio. Contract development and manufacturing organization (CDMO) services offered under the Patheon brand include small molecule API, biologics, viral vectors, cGMP plasmids, formulation, clinical trials solutions, logistics and commercial manufacturing and packaging. In 2017, Patheon was acquired by Thermo Fisher Scientific to form its Pharma Services business.
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Pierce Biotechnology Inc. is the ultimate origin of a number of products and product lines in the Thermo Fisher Scientific research and development division, "Thermo Scientific Pierce Protein Biology." The company from which this division originated, the Rockford, Illinois-based Pierce Chemical Company (PCC) was founded in 1948 when Alan Pierce assumed active management of a company known as Midwest Extraction, which focused on isolating chlorophyll from alfalfa.
Michael David Dingman
Paul M. Montrone is the Chairman, President, and CEO of Perspecta Trust LLC, Liberty Lane Partners and Latona Associates. Montrone was the Chairman and CEO of Fisher Scientific until its 2006 merger with 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.