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Published on: August 2, 2019
Summary
Thermo Fisher Scientific is acquiring Life Technologies for $13.6 billion. This strategic acquisition includes Life Technologies
Area of Science:
- Biotechnology
- Genomics
- Life Sciences
Background:
- Thermo Fisher Scientific is a global leader in serving science.
- Life Technologies is a key player in the life sciences industry, with subsidiaries like Ion Torrent specializing in gene sequencing.
Purpose of the Study:
- To announce and detail the planned acquisition of Life Technologies by Thermo Fisher Scientific.
- To outline the strategic implications of this significant merger in the life sciences sector.
Main Methods:
- Merger and acquisition announcement.
- Financial transaction details.
Main Results:
- Thermo Fisher Scientific plans to purchase Life Technologies for $13.6 billion.
- The acquisition integrates Ion Torrent, a prominent gene-sequencing firm, into Thermo Fisher Scientific's portfolio.
Conclusions:
- This acquisition represents a major consolidation within the life sciences industry.
- The combined entity is poised to enhance its offerings in areas such as gene sequencing and biotechnology.
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