Dive Summary:
- Thermo Fisher Scientific has sealed a $13.6 billion deal to acquire Life Technologies.
- The newly joined firms, both of which do extensive research and manufacturing in everything from food safety and packaging to biological and genetic innovations, hope o expand their market share with this new merger.
- Scheduled to close by early 2014, the deal is still subject to regulatory and shareholder approval.
From the article:
In a conference call discussing the deal, Marc Casper, Thermo Fisher Scientific, president and CEO,
said: "Turning to applied markets, our strong position in food safety and environmental testing and Life
Technologies’ extensive offering in forensic analysis complement each other quite nicely."
He added that the firm had been expanding its position in PCR-based testing and the deal gives them significant strength in qPCR.
