Sector News

Thermo Fisher Scientific to Acquire Research Chemicals Leader Alfa Aesar

June 25, 2015
Energy & Chemical Value Chain
(BUSINESS WIRE) – Thermo Fisher Scientific Inc. the world leader in serving science, today announced it has signed a definitive agreement to acquire Alfa Aesar, a leading global manufacturer of research chemicals and part of Johnson Matthey Plc, for £256 million (or approximately $405 million) in cash. Based in Heysham, U.K., Alfa Aesar has 480 employees and operates in key research hubs in the United States, Germany, China, South Korea and India. The business generated sales of approximately £78 million (or $125 million) in 2014.
 
“The acquisition of Alfa Aesar enhances our existing portfolio of chemicals, solvents and reagents to support virtually every laboratory application – from research, to drug discovery and development, to production,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “In addition, customers will benefit from greater access to these products through our extensive global commercial reach.”
 
The transaction, which is expected to be completed by the end of 2015, is subject to customary closing conditions, including regulatory approvals. Alfa Aesar will be integrated into Thermo Fisher’s Laboratory Products and Services Segment.
 
Source: Thermo Fisher Scientific Inc.

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